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For example, a couple of surveys were done recently by some large humanresources firms. More than 1,00o companies were asked about payingthei employees. Forty percent of them plan to reducee amounts allottedto raises. Sixty-two percentf said bonuses will be smallerfthis year. Twenty-five percent are planning a hiringv freeze. Another 25 percent are planning onincreasingh employees’ contributions to health care. Pay raises are being cut. So will severance Why? It’s the economy! And everyone’s accepting these huge reductions. Evergy day, we’re expecting to hear about more companies reducinftheir expenses. Employees seem to be takin the cutsin stride.
They’re just happyh to have a job. Why? It’s the economy!! You know what? Recessions can be a pennu pincher’s dream. Now’s the best time to get rid of the That guy in shippingwho can’t seem to remembere how to load a skid properlty twice in a row? Gone. The accountinyg assistant who seems really busy but you can never really quite figure outwhat she’s doing all day? The sales guy who spende more time hitting on your receptionisrt than the actual phones? See ya. Running a business is tougjh when you have to be thebad guy. Many of us accep mediocrity becausewe don’t have the energyu left to fight or fire someone. But the best excuse ever.
The economy! It’s not just aboutf changing thedeadweight employees. You can call your key suppliers and beg for a cost You can call your phone companyu and beg for a little help with yourmonthlgy fees. Everything’s negotiable becauses everyone’s skittish. No one wants to lose the business over a few bucksza month. But a few bucksz saved a month from a bunch of differentf places adds up to more inthe Why? It’s the economy! Penny pinchers must get rid of underperformin people. Renegotiate contracts. Beg for price reductions. Lock in lower monthlhy payments. Plead poverty. Scream for assistance. Why?
It’s the economy Because in a few months the opportunity will havepassefd us. Things will turn around. Prices will Unemployment will fall. The sun will shine. And we won’g have the economy to blamre anymore. Rats.
Sunday, November 7, 2010
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