> How many years should a company wait for an underperforming employee to perform?
Perhaps wait until after their spouse has died and see if they recover? Even the idea of an "underperforming employee" is specious at best.
This is why I love Italy and France, it is night impossible to fire someone for things like this from tech companies. Of course, they also don't have to worry about going bankrupt due to medical issues. They understand there is more to work than meeting the numbers. It is something you spend 2/3rds of your life doing, and other countries honor that.
[Oh, and also COBRA can cost $3000-$5000/month for shit coverage. Once you run out of money, they come for your stocks, retirement, and house. Source: I incurred over $100k of hospital debt AFTER INSURANCE from an assault that left my arm paralyzed. Why? If the hospital charges more than 125% medicare costs for the procedure, my $700/month Gold Plan didn't cover it. I was let go due to 6 months of absence from work, and then while unemployed and needing physical therapy, the hospital sent a request for tax statements and they began the process of a lien against my property. A lawsuit ultimately saved me, but if I hadn't been a victim, they would have taken everything. Fucking american healthcare is a joke.]
I’ve gotten a couple Cobra offers in the past few years after leaving jobs, both of them with very solid to great health insurance, and haven’t seen a number higher than $1k/month (101% or whatever of the employer cost). What sort of insurance do you have to have to ask for $3-5K/month? That would be 36-60K a year! I’ve never seen a company paying close to that in benefits. And my current employer has a “cost to employer” under $1k/month for insurance.
Have I just gotten lucky with companies with good negotiated deals? (The open exchange plans generally have looked terrible compared to any group plan I’ve had in the last 10 years.)
Is this for just yourself, or for you and dependents? I went on a leave a few years ago, and COBRA was $700/mo just for myself (and I'm sure premiums have gone up since then). I could easily imagine that being $3k/mo for a family of four. Maybe $3k-$5k/mo is high, maybe it's normal, maybe my company has a good deal on insurance. Who knows; the entire system is disgustingly opaque.
I don't even think you can get a Cobra plan for that much money...was this for your whole family? You must have been on the top tier program at your company...
Perhaps wait until after their spouse has died and see if they recover? Even the idea of an "underperforming employee" is specious at best.
This is why I love Italy and France, it is night impossible to fire someone for things like this from tech companies. Of course, they also don't have to worry about going bankrupt due to medical issues. They understand there is more to work than meeting the numbers. It is something you spend 2/3rds of your life doing, and other countries honor that.
[Oh, and also COBRA can cost $3000-$5000/month for shit coverage. Once you run out of money, they come for your stocks, retirement, and house. Source: I incurred over $100k of hospital debt AFTER INSURANCE from an assault that left my arm paralyzed. Why? If the hospital charges more than 125% medicare costs for the procedure, my $700/month Gold Plan didn't cover it. I was let go due to 6 months of absence from work, and then while unemployed and needing physical therapy, the hospital sent a request for tax statements and they began the process of a lien against my property. A lawsuit ultimately saved me, but if I hadn't been a victim, they would have taken everything. Fucking american healthcare is a joke.]