A VACATION OF A LIFETIME GONE FOREIGN GUEST WORKER WRONG ANOTHER US EMPLOYER OF CHEAP GUEST WORKER LABOR GOES DOWN THE DRAIN - SAITJ.org

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A VACATION OF A LIFETIME GONE FOREIGN GUEST WORKER WRONG ANOTHER US EMPLOYER OF CHEAP GUEST WORKER LABOR GOES DOWN THE DRAIN - SAITJ.org
A VACATION OF A LIFETIME GONE FOREIGN GUEST WORKER WRONG
ANOTHER US EMPLOYER OF CHEAP GUEST WORKER LABOR GOES DOWN THE DRAIN
A VACATION OF A LIFETIME GONE FOREIGN GUEST WORKER WRONG ANOTHER US EMPLOYER OF CHEAP GUEST WORKER LABOR GOES DOWN THE DRAIN - SAITJ.org
Shopping For A Rental Car For Family Trip

            The Rental Car Looked Fantastic…But…
A VACATION OF A LIFETIME GONE FOREIGN GUEST WORKER WRONG ANOTHER US EMPLOYER OF CHEAP GUEST WORKER LABOR GOES DOWN THE DRAIN - SAITJ.org
I Looked In The Glove Box

When I looked in the glove box I found an envelope that
seemed out of place.

Out of curiosity I decided to open it and see what was
inside.
A VACATION OF A LIFETIME GONE FOREIGN GUEST WORKER WRONG ANOTHER US EMPLOYER OF CHEAP GUEST WORKER LABOR GOES DOWN THE DRAIN - SAITJ.org
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Home > Visa Sponsor > The Hertz Corporation - Report

                            The Hertz Corporation visa:129 rank:3509                                                                   Follow | Edit or Claim

                            8501 Williams Road Estero, FL 33928                                                          Alert: One LC denied or withdrawn!

                            Report    Contact Visa     Salary    Occupation   Location   Review

                              The Hertz Corporation has filed 84 labor condition applications for H1B visa and 4 labor certifications for green card from fiscal
                              year 2017 to 2019. The Hertz was ranked 3509 among all visa sponsors. Please note that 0 LCA for H1B Visa and 1 LC for green
                              card have been denied or withdrawn during the same period.

                              Contact(edit)                     Name                     Job Title       Phone                    Email

                              LCA for H1B Visa                  Nadia Poliandro          Paralegal       239-301- xxxx            xxxx @hertz.com
                              LC for Green Card                 Nadia Poliandro          -               239-301- xxxx            xxxx @hertz.com
                                                                                                                                   sign in to view all contacts

                              H1B Visa             Salary            Certified      Certified-Withdrawn(?)                   Denied       Withdrawn

                              2020                 Total: 40 search 2020 new filings
                              2019                 $79,443           38             1                                        0            0
                              2018                 $88,095           27             0                                        0            0
                              2017                 $95,537           18             0                                        0            0

                              Green Card           Salary            Certified      Certified-Expired                        Denied       Withdrawn

                              2020                 Total: 1 search 2020 new filings
                              2019                 $125,856          0              2                                        1            0
                              2018                 $64,000           1              0                                        0            0
                              2017                 -                 0              0                                        0            0

                                  Willful Violator: No (?)                                                            H1B Dependent: No (?)
                                Economic Sector: Other Economic Sector
                                 NAICS Industry: Automotive Equipment Rental and Leasing; Rental and Leasing Services

                              Visa Job Locations: Estero,FL(81), Oklahoma City,OK(1), Bannockburn,IL(1), Bonita Springs,FL(1),
                                   H1B Visa Jobs: Revenue Management Analyst(9); Senior Revenue Management Analyst(7); Data Scientist(4); Fleet
                                                   Planning Data Scientist(4); Revenue Management Team Lead(4);
                                Green Card Jobs: Software Developers, Applications(1); Operations Research Analysts(1); General and Operations
                                                 Managers(1); Financial Managers(1);

                                H1B Occupations: Operations Research Analysts(47); Computer Occupations, All Other(19); Software Developers,
                                                 Applications(5); Financial Managers(3); General And Operations Managers(2);
                                      Green Card Software Developers, Applications(1); Operations Research Analysts(1); General and Operations
                                     Occupations: Managers(1); Financial Managers(1);

                              Profiles of forein workers who applied for green card under PERM:
                                      Citizenship: India(6)
                              Class of Admission: H-1B(6)
                                       Education: Master's(4); Bachelor's(2)
                                          College: The Georgia Institute Of Technology(1); Rochester Institute Of Technology(1); Oklahoma State
                                                   University(1); Carnegie Mellon University(1); Devi Ahilya Vishwavidyalaya,India(1); Akhil Bhartiya Shiksha
                                                   Sansthan,India(1)
                                           Major: Operations Research(1); Industrial Engineering(1); Computer Information Systems(1); Computer
                                                   Application(1); Business Administration(1); Accounting(1)

                             Note: Before The Hertz Corporation can hire foreign workers permanently or temporarily, it must file labor certifications
                             with the Department of Labor(DOL), demonstrating that it is paying the required wage for the positions in the geographic
                             region where the jobs are located. Above table reports Labor Condition Application(LCA) for H1B visa and Labor
                             Certification(LC) for green card filed by The Hertz Corporation. The data only indicates the number of applications filed by
                             The Hertz Corporation. It does not mean that The Hertz Corporation actually got the visa and hired the workers.
A VACATION OF A LIFETIME GONE FOREIGN GUEST WORKER WRONG ANOTHER US EMPLOYER OF CHEAP GUEST WORKER LABOR GOES DOWN THE DRAIN - SAITJ.org
Our LCA data includes LCA submitted for not only new employment, but also continuation or change in previously approved
                            employment, new concurrent employment, change in employer and amended petition. Usually, only LCA for new
                            employment needs H1B Visa quota if it is not cap-exempt.

                            The Hertz Corporation has applied for 129 LC and LCA from fiscal year 2017 to 2019. But this does not mean they really
                            hired 129 foreign workers during this period. The visa applications might have been denied. When an employee renews or
                            transfers his H1B visa or change work location under some circumstances, he will also file a new LCA application.

                            Department of Labor(DOL) typically certifies more than 3 times the number of foreign work requests than the number of
                            H1B visas issued by USCIS. So there is no one to one relationship between the number of workers certified by the DOL and
                            the number of H1B work visas issued by the United States Citizenship and Immigration Services (USCIS).

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A VACATION OF A LIFETIME GONE FOREIGN GUEST WORKER WRONG ANOTHER US EMPLOYER OF CHEAP GUEST WORKER LABOR GOES DOWN THE DRAIN - SAITJ.org
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Home > Visa Sponsor > The Hertz Corporation - Review

                            The Hertz Corporation visa:129 rank:3509                                                                             Edit or Claim

                            8501 Williams Road Estero, FL 33928                                                           Alert: One LC denied or withdrawn!

                            Report   Contact Visa    Salary   Occupation   Location   Review

                             The Hertz Corporation has not been reviewed by any employees or job applicants.

                             Be the first one to write a review about The Hertz Corporation!

                             You are welcome to share your working, interview or application experience with The Hertz Corporation as well as its
                             owners or employees. Please avoid mentioning any names or using profanity and obscene languages when you are making
                             comments.

                             Many of the reviews about H1B visa and green card sponsors on our web site are negative. Though this somewhat reflects
                             one aspect of real immigrant labor market, you should do more research and use your own judgment to make decisions.
                             Please be also aware that some reviews and comments were submitted by employers, competitors or disgruntled employee
                             of The Hertz Corporation.

                             Under federal law (Section 230 of the Communications Decency Act) MyVisaJobs.com is not legally responsible for the
                             information posted by the third parties, even if the posted information contains remarks that are defamatory. If you find
                             any review about The Hertz Corporation is inappropriate, please use the Flag As Inappropriate link next to the review to
                             report.

                             If you find an employer has violated any proceeding under the Immigration and Nationality Act (INA) or it has committed
                             either a willful failure or a misrepresentation of a material fact of the Labor Condition Application (LCA) attestations, please
                             do not post your review here. You should contact Dept of Labor, Dept of Justice or U.S. Immigration and Customs
                             Enforcement (ICE).

                             For additional information, visit DOL Wage and Hour Division Website: http://www.wagehour.dol.gov and/or call their toll-
                             free information and helpline, available 8 a.m. to 5 p.m. in your time zone, 1-866-4USWAGE (1-866-487-9243).

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A VACATION OF A LIFETIME GONE FOREIGN GUEST WORKER WRONG ANOTHER US EMPLOYER OF CHEAP GUEST WORKER LABOR GOES DOWN THE DRAIN - SAITJ.org
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Home > Visa Sponsor > The Hertz Corporation - Salary

                            The Hertz Corporation visa:129 rank:3509                                                                                 Edit or Claim

                            8501 Williams Road Estero, FL 33928                                                             Alert: One LC denied or withdrawn!

                            Report   Contact Visa     Salary    Occupation   Location   Review

                                                                     Average Salary for H1B Visa and Green Card Jobs

                                              LCA for H1B Visa                                        LC for Green Card

                              2019            $79,443                                                 $125,856
                              2018            $88,095                                                 $64,000
                              2017            $95,537                                                 -
                              2016            $128,940                                                $127,380
                              2015            $95,944                                                 $122,179
                              2014            $87,838                                                 -
                              2013            $89,000                                                 $135,000
                              2012            $107,864                                                $117,707
                              2011            -                                                       -
                              This table reports the average proffered salary of labor condition applications for H-1B Visa and labor certifications for green card
                              filed by The Hertz Corporation from 2011 to 2019. If a range of proffered wage was used in application, we use the middle point
                              in the range to calculate average salary.

                                                  2001      2002       2003       2004       2005         2006       2007     2008           2009         2010

                                H1B Visa          42,300    40,769     46,423     39,588     42,000       50,833     -        110,000        133,333      76,833
                                Green Card        -         -          -          -          -            -          -        -              -            -

                              This page reports the average proffered salary of labor condition applications for H-1B Visa and labor certifications for
                              green card filed by The Hertz Corporation since 2001. All wages if reported in hour, week or month have been converted
                              to annual salary.

                              The Immigration and Nationality Act requires that the hiring of a foreign worker will not adversely affect the wages and
                              working conditions of U.S. workers comparably employed. To comply with the statute, the Department of Labor's
                              regulations require that the wages offered to a foreign worker must be the prevailing wage rate for the occupational
                              classification in the area of employment.

                              American employer, The Hertz Corporation, must attest that, it will pay no less than (a) the actual wage level paid to all
                              other individuals at the work site with similar experience and qualifications, and (b) the prevailing wage for the
                              occupational classification in the area of intended employment. The salary refers to guaranteed income, so the bonus and
                              benefits does not count.

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Copyright © 2006 - 2020
A VACATION OF A LIFETIME GONE FOREIGN GUEST WORKER WRONG ANOTHER US EMPLOYER OF CHEAP GUEST WORKER LABOR GOES DOWN THE DRAIN - SAITJ.org
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Home > Visa Sponsor > The Hertz Corporation - Visa

                            The Hertz Corporation visa:129 rank:3509                                                                                  Edit or Claim

                            8501 Williams Road Estero, FL 33928                                                               Alert: One LC denied or withdrawn!

                            Report    Contact Visa     Salary   Occupation      Location   Review

                                                                                    LCA filing for H1B Visa Jobs

                                           Certified                Certified-Withdrawn                                Denied              Withdrawn

                               2019        38                       1                                                  0                   0
                               2018        27                       0                                                  0                   0
                               2017        18                       0                                                  0                   0
                               2016        13                       0                                                  0                   0
                               2015        7                        0                                                  0                   0
                               2014        8                        1                                                  0                   0
                               2013        5                        0                                                  0                   0
                               2012        9                        2                                                  0                   0
                               2011        0                        0                                                  0                   0

                                                                                LC filing for green card under PERM

                                            Certified                   Certified-Expired                          Denied              Withdrawn

                               2019         0                           2                                          1                   0
                               2018         1                           0                                          0                   0
                               2017         0                           0                                          0                   0
                               2016         0                           2                                          0                   0
                               2015         0                           1                                          0                   0
                               2014         0                           0                                          0                   0
                               2013         1                           0                                          0                   0
                               2012         1                           0                                          0                   0
                               2011         0                           0                                          0                   0

                              From 2017 to 2019, The Hertz Corporation has submitted totally 84 Labor Condition Application(LCA) for H1B Visa, 4 Labor
                              Certification(LC) for Green Card under Program Electronic Review Management (PERM).

                                                  2001          2002        2003      2004          2005   2006        2007       2008         2009      2010

                              H1B Visa            8             6           6         3             1      3           0          1            3         3
                              Green Card          0             0           0         0             0      0           0          0            0         0

                             The above chart and table report the number of Labor Condition Applications(LCA) and Labor Certifications(LC) filed by The Hertz
                             Corporation for H1B Visa and employment based Green Card. The data only indicates the number of applications filed by The
Hertz Corporation. It does not mean that The Hertz Corporation actually got the visa and hired the workers.

                           Labor Condition Application(LCA) is different from Labor Certification(LC). LC is for employment based green card while LCA is for
                           H1B visa.

                           Our LCA data not only includes those filed by The Hertz Corporation for new h1b visa applications, but also those for H1B Visa
                           tranfers and renews. The Hertz Corporation should also file a new Labor Condition Application(LCA) for an H1B Visa petition if the
                           foreign worker changes work location within The Hertz Corporation, because the prevailing wage will change. The Immigration
                           and Nationality Act requires that the hiring of a foreign worker will not adversely affect the wages and working conditions of U.S.
                           workers comparably employed.

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Home > Visa Sponsor > The Hertz Corporation - Contact

                            The Hertz Corporation visa:129 rank:3509                                                                                Edit or Claim

                            8501 Williams Road Estero, FL 33928                                                            Alert: One LC denied or withdrawn!

                            Report   Contact       Visa   Salary   Occupation   Location   Review

                                                                   sign in to view full job titles, phone numbers and emails!

                             The information contained in this section must be that of employees of The Hertz Corporation who are authorized to act on behalf
                             of The Hertz Corporation in labor certification matters. They cannot be agents or attorneys, unless they are
                             direct employees of the employer. They might not be the Human Resources professionals responsible for hiring or screening
                             resumes.

                             LCA for H1B Visa Jobs(Edit or Claim Contact List)

                                   Name                   Title             Address                                        Phone             Email

                              1    Nadia Poliandro        sign in to view   8501 Williams Road - 3rd Floor Estero, FL      239-301-xxxx      xxxx @hertz.com
                              2    Nicole Carlin          sign in to view   8501 Williams Road - 3rd Floor Estero, FL      239-301-xxxx      xxxx @hertz.com
                              3    Neale Bedrock          sign in to view   8501 Williams Road Estero, FL                  239-301-xxxx      xxxx @hertz.com
                              4    Julie Drake            sign in to view   8501 Williams Road Estero, FL                  239-301-xxxx      xxxx @hertz.com

                             LC for Green Card Jobs (Edit or Claim Contact List)

                                   Name                       Address                                                   Phone               Email

                              1    Nadia Poliandro            8501 Williams Road, 3rd Floor Estero, FL                  239-301- xxxx       xxxx @hertz.com
                              2    Shaina Rutherford          3181 N. Bay Village Ct. 1A Bonita Springs, FL             239-948- xxxx       xxxx @hertz.com

                                                                   sign in to view full job titles, phone numbers and emails!

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Home > Visa Sponsor > The Hertz Corporation - Location

                            The Hertz Corporation visa:129 rank:3509                                                                          Edit or Claim

                            8501 Williams Road Estero, FL 33928                                                        Alert: One LC denied or withdrawn!

                            Report   Contact Visa    Salary   Occupation   Location    Review

                                  Hottest Visa Job Locations                     Hottest Green Card Job Locations

                               1 Estero,FL(81)                                1 Estero,FL(3)
                               2 Oklahoma City,OK(1)                          2 Oklahoma City,OK(1)
                               3 Bannockburn,IL(1)
                               4 Bonita Springs,FL(1)

                             A new Labor Condition Application(LCA) for an H1B Visa petition should be filed for each different work location within The Hertz
                             Corporation(even in the same state), because the prevailing wage of the position depends on the job duties and geographic
                             location. So if the new job is within the same Metropolitan Statistical Area or normal commuting distance, no new LCA is needed.

                             H1B Visa petition address might be different from working location. The H1B Visa petition address is often the company
                             headquarter or the address of Human Resource Department. The most common H1B Visa petition address of The Hertz
                             Corporation is 8501 Williams Road Estero, FL 33928.

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Home > Visa Sponsor > The Hertz Corporation - Occupation

                           The Hertz Corporation visa:129 rank:3509                                                                             Edit or Claim

                           8501 Williams Road Estero, FL 33928                                                            Alert: One LC denied or withdrawn!

                           Report   Contact Visa      Salary   Occupation   Location   Review

                            Note: When searching and applying for job opportunities in The Hertz Corporation, you are more likely to get visa sponsorship if
                            you concentrate on those occupations The Hertz Corporation has hired foreigners before.

                                  Hottest H1B Job Titles                                         Hottest H1B Job Occupations

                             1    Revenue Management Analyst(9)                            1     Operations Research Analysts(47)
                             2    Senior Revenue Management Analyst(7)                     2     Computer Occupations, All Other(19)
                             3    Data Scientist(4)                                        3     Software Developers, Applications(5)
                             4    Fleet Planning Data Scientist(4)                         4     Financial Managers(3)
                             5    Revenue Management Team Lead(4)                          5     General And Operations Managers(2)
                             6    Fleet Portfolio Analyst(3)                               6     Statisticians(2)
                             7    Revenue Data Analyst(3)                                  7     Purchasing Managers(1)
                             8    Analyst - Hle Rm(2)                                      8     Marketing Managers(1)
                             9    Manager, Corporate Consolidations(2)                     9     Managers, All Other(1)
                             10 Operations Research Analyst(2)                             10    Management Analysts(1)

                                 Hottest Green Card Job Titles                                  Hottest Green Card Job Occupations

                             1 Software Developers, Applications(1)                        1 Software Developers, Applications(1)
                             2 Operations Research Analysts(1)                             2 Operations Research Analysts(1)
                             3 General and Operations Managers(1)                          3 General and Operations Managers(1)
                             4 Financial Managers(1)                                       4 Financial Managers(1)

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Copyright © 2006 - 2020
Transparency is the first step in work visa reform.

   Workers          Wage Levels                       Categories                Occupations                      Worksite Locations

                              Visa Query Search Results Summary
                                          Year: 2017, Employer Name: HERTZ, Visa Status: CERTIFIED

Charts
                                                                                               Total Workers

                                                                              53%
  15                                                                          (16)

  10

                                                                                       20%
   5                                                                                     (6)

                                                                  7%                                                          7%                                                                                                                  7%
                                                                  (2)                                                         (2)                                                                                                                 (2)
                                                                                                     3%                                                             3%
                                                                                                     (1)                                                            (1)
       0%         0%          0%          0%          0%                                                         0%                       0%           0%                        0%           0%           0%           0%           0%
       (0)        (0)         (0)         (0)         (0)                                                         (0)                     (0)          (0)                       (0)          (0)          (0)          (0)          (0)
   0
       $0

                  $10

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                                                                                         $70

                                                                                                     $80

                                                                                                                 $90

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                                                                                                                                         $11

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                                                                                                                                                                    $13

                                                                                                                                                                                 $14

                                                                                                                                                                                              $15

                                                                                                                                                                                                           $16

                                                                                                                                                                                                                        $17

                                                                                                                                                                                                                                     $18

                                                                                                                                                                                                                                                  >$
        - $1

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                                                                                                                                                                                                                                            90K
                                                                                                                  Range of Wages

Workers
  Graph Total Visas: 20
  Graph Total Workers: 30
  Graph Total Workers / H-1B Dependent Employers: 0

Categories
  Graph New Employment: 26
  Graph Amended Petition: 0
  Graph Continued Employment: 1
  Graph Change Previous Employment: 1
  Graph New Concurrent Employment: 0
  Graph Change Employer: 2
Wage Levels
       Graph Level I (Entry Level): 3 / 10%
       Graph Level II (Qualified): 20 / 66.67%
       Graph Level III (Experienced): 3 / 10%
       Graph Level IV (Fully Competent): 4 / 13.33%

Controls
Salary Switch:            Min        Mean         Max
Lat/Lng Filter:                 1   

                                                               Summary - Workers
                         Class                           Graph         Count         Mean Wage                Median Wage              Lowest Wage            Highest Wage

 Total Visas                                              Graph               20         $91,106.66                $70,000.00               $50,000.00             $287,300.00

 Total Workers                                            Graph               30         $80,737.77                $65,000.00               $50,000.00             $287,300.00

 Total Workers / H-1B Dependent Employer                  Graph               0                       ---                       ---                  ---                     ---

                                                        Summary - Wage Levels
                   Class                       Graph           Count / %           Mean Wage                Median Wage               Lowest Wage             Highest Wage

 Total Level I (Entry Level)                   Graph                3 / 10%            $63,588.33                 $65,000.00               $55,765.00               $70,000.00

 Total Level II (Qualified)                     Graph            20 / 66.67%            $63,500.02                 $60,000.00               $50,000.00               $85,000.00

 Total Level III (Experienced)                 Graph                3 / 10%            $93,666.67                 $78,000.00               $73,000.00              $130,000.00

 Total Level IV (Fully Competent)              Graph             4 / 13.33%           $170,091.95                $103,067.80              $100,000.00              $287,300.00

 Total Unspecified Level                                              0 / 0%                     ---                       ---                       ---                      ---

                                                         Summary - Categories
                  Class                       Graph        Count / %               Mean Wage                Median Wage               Lowest Wage             Highest Wage

 Total New Employment                         Graph            26 / 86.67%            $71,606.36                 $60,000.00                $50,000.00              $190,000.00

 Total Amended Petition                       Graph                0 / 0%                    ---                          ---                       ---                      ---

 Total Continued Employment                   Graph              1 / 3.33%            $70,000.00                 $70,000.00                $70,000.00               $70,000.00

 Total Previous Employment                    Graph              1 / 3.33%           $287,300.00                $287,300.00               $287,300.00              $287,300.00

 Total Concurrent Employment                  Graph                0 / 0%                    ---                          ---                       ---                      ---

 Total Change Employer                        Graph              2 / 6.67%           $101,533.90                $100,000.00               $100,000.00              $103,067.80

                                                        Summary - Occupations
                                                                  Count / %          Mean Wage              Median Wage             Lowest Wage           Highest Wage   
       SOC_NAME - SOC_CODE                           Graph                                                                                                    

 ACCOUNTANTS AND AUDITORS - 13-2011                    Graph           2 / 6.67%           $62,882.50                $55,765.00              $55,765.00             $70,000.00

 FINANCIAL MANAGERS - 11-3031                          Graph           1 / 3.33%          $130,000.00              $130,000.00              $130,000.00            $130,000.00

 GENERAL AND OPERATIONS MANAGERS - 11-                 Graph           1 / 3.33%          $287,300.00              $287,300.00              $287,300.00            $287,300.00
 1021

 MANAGEMENT ANALYSTS - 13-1111                         Graph           1 / 3.33%           $65,000.00                $65,000.00              $65,000.00             $65,000.00

 MANAGERS, ALL OTHER - 11-9199                         Graph           1 / 3.33%          $190,000.00              $190,000.00              $190,000.00            $190,000.00

 OPERATIONS RESEARCH ANALYSTS - 15-2031                Graph         23 / 76.67%           $66,130.45                $60,000.00              $50,000.00            $100,000.00
Count / %        Mean Wage             Median Wage       Lowest Wage       Highest Wage   
                   SOC_NAME - SOC_CODE               Graph                                                                                    

             SOFTWARE DEVELOPERS, APPLICATIONS - 15-   Graph       1 / 3.33%           $103,067.80           $103,067.80        $103,067.80        $103,067.80
             1132

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EDITORS' PICK | 714,189 views | May 23, 2020, 06:02pm EDT

Hertz Files For Bankruptcy After
16,000 Employees Were Let Go
And CEO Made Over $9 Million
            Jack Kelly Senior Contributor
            Careers
            I write actionable interview, career and salary advice.

(Photo by George Rose/Getty Images)     GETTY IMAGES

After 100 years in business, Hertz filed for bankruptcy on Friday, proving to
be yet another casualty during Covid-19.

The old-time entity now joins the likes of J.C. Penney, J. Crew, Neiman
Marcus, Gold’s Gym, Pier 1 and the McClatchy newspaper chain—companies
that have all sought bankruptcy protection in recent weeks. Hertz was just
another victim of the pandemic, people will say. It's easy to blame the
company’s misfortunes, as well as the other corporate casualties, on the
pandemic. The reality is a different story. The failures of Hertz and the
others have more to do with their own arrogant inertia and inability to
recognize the fast-changing trends and a refusal to adapt their business
models accordingly.

Back in the day, Avis was Hertz’s major rival. Avis branded itself as the
scrappy underdog and adopted the advertising tagline, “We Try Harder.” It
was meant to convey that the folks at Avis will do whatever it takes to make
its customers happy. Hertz’s slogan should’ve been “We Didn’t Try Hard
Enough.”

The Wall Street Journal reported, “Hertz Global Holdings Inc., one of the
nation’s largest car-rental companies, filed for bankruptcy protection Friday,
saddled with about $19 billion in debt and nearly 700,000 vehicles that have
been largely idled because of the coronavirus.”
                                  coronavirus.” The company has lost money
for the past four consecutive years, including $58 million in 2019.

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Back in March, responding to the deteriorating economic circumstances,
Hertz laid off 12,000 workers and furloughed an additional 4,000
employees—25% of its workforce. Car rental companies are heavily
dependent upon travel. People will rent cars for family vacation. A business
person flying out to a client will go to a Hertz and rent a car for the duration
of their visit. With air travel coming to a near halt, the need for car rentals
has plummeted.
It's true that Covid-19 has had an impact on Hertz—as well as an array of
other large and small companies—but it was suffering long before we even
heard of the coronavirus. Hertz had to contend with tough competition in
the car-rental space, in addition to the onslaught from Uber and Lyft.
Customers preferred the ease of use with car-sharing apps. There wasn’t a
need to take the time to fill out long and one-sided contracts, wait for your
car then have to drive it yourself in an unfamiliar location. Compared to this
experience, it's much more convenient to open an app, request a ride and get
whisked to your location.

Some of Hertz’s problems have been self-inflicted. The company, which was
founded in 1918, recently went through a number of restructures and four
CEOs have gone through the turnstile. A private equity firm heaped a whole
lot of debt on Hertz, which didn’t help matters.

Hertz’s bankruptcy will have a big impact. It's likely that there will be future
layoffs, in addition to the 16,000 employees who have already lost their jobs
or have been furloughed. It's reasonable to believe that the hours of the
remaining staff will be reduced and furloughed workers won’t be asked to
return.

Hertz bought and leased cars from General Motors and other carmakers.
Now, it won’t be, which will hurt the automakers and all of their parts
suppliers. Hertz will be forced to sell parts of its fleet of cars. This will put
downward pressure on the used-car market. People who have considered
selling their cars—to earn money because they may have lost their jobs—will
not receive much for it, as there will now be an overabundance of used cars
for sale.

An unlikely group has also lost out due to Hertz’s bankruptcy filing.
Robinhood, the trading app, had about 45,000 day traders holding stock in
the company—most of whom presumably lost money while betting on the
chance of a resuscitation for the car rental company. Creditors to the
company will also lose out under the Chapter 11 restructuring and be forced
to accept less repayments.

Former CEO Kathryn Marinello succinctly summed up Hertz’s sad state of
affairs, “No business is built for zero revenue.” In a regulatory filing for the
fiscal year of 2019, Marinello walked away with $9,138,362 in total
compensation. According to Salary.com, “Of this total, $1,450,000 was
received as a salary, $1,405,050 was received as a bonus, $567,663 was
received in stock options, $5,635,758 was awarded as stock and $79,891
came from other types of compensation.”

Follow me on Twitter or LinkedIn. Check out my website or some of my
other work here.
          Jack Kelly

I am a CEO, founder, and executive recruiter at one of the oldest and largest global
search rms in my area of expertise, and have personally placed thousands of…
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Hertz names new CEO after Kathryn Marinello resigned
following report company was preparing for a possible
bankruptcy

Bryan Pietsch May 18, 2020, 8:39 AM

    H O M E PA G E
Twitter/Hertz                                                         Subscribe
HTZ HTZ
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      0.86
-0.06 (-6.67 %)

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    Hertz CEO Kathryn Marinello resigned from her position on May 16, the company
    said in an SEC ling.

    The company's board named Paul Stone as its next CEO.

    Stone previously served as the company's executive vice president and chief retail
    operations o cer for North America.

    Hertz is reportedly preparing for a possible bankruptcy ling amid the economic
    fallout from the pandemic.

    Visit Business Insider's homepage for more stories.

    H O M E PA G E                                                                 Subscribe
Hertz CEO Kathryn Marinello has resigned, the company said, following a report that
                                                                                 Subscribe
the company is preparing for a possible bankruptcy.

The company said in a Securities and Exchange Commission ling that Marinello's
resignation is e ective May 16, though she will work as a consultant for the company
for up to one year.

Hertz's board named Paul Stone as the company's next CEO, e ective May 16. Stone
previously served as the company's executive vice president and chief retail operations
o cer for North America since 2018. Before joining Hertz, Stone was an executive at
Cabela's outdoor sporting goods store and Sam's Club.

The Wall Street Journal reported last week that the company was preparing for the
possibility it might need to le for bankruptcy after it missed lease payments.

Hertz said in April that it would lay o 10,000 employees after the company
experienced increased cancellations and decreased bookings due to the coronavirus
pandemic.
   H O M E PA G E                                                                Subscribe
The company previously told Business Insider that "conversations with our lenders are
                                                                                                                    Subscribe
ongoing and we remain in discussions with the U.S. Treasury for support."

Hertz Global Holdings, Inc. also owns the rental brands Dollar and Thrifty.

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I Got Mad As Hell

Furious that the rental car
company employed guest
workers while US workers suffer
unemployment during the
Covid-19 Pandemic I decided
to take the car for a joy ride.
Where The Car Goes So Can Indian Cheap
 Foreign Labor

The car is now destroyed and
heading for the scrap yard.

Pausing for a second…I
thought US Visa Policy for
guest workers replacing IT
talent should follow.
COME WITH US AND LEARN HOW DEEP THE RABBIT HOLE GOES
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