Skip to main content

Make hay while the sun is shining or rather collect water when it is raining

This one is for the spirit of the most popular R situation world is in!

This situation has given the opportunity to all organisations on a silver platter to do what they want and blame it on R. There are cases being reported that replacements are decided at lower costs and then current set of people being asked to go. Travel levels being downgraded from business to economy, economy to budget airline and budget airline to train to correct the cost base.

Salaries and "perquisites" are being "rationalised" (euphemism for cost cutting) with a vengeance. There seems to be a case of sadistic pleasure that owners/bosses are having in squeezing subordinates/potential employees.

The balance has suddenly shifted.

But are they forgetting that reputations are built over a longtime but tarnished in a moment. A company is known to have downgraded the perquisites of all managers and recently the CEO was seem as wining and dining in a plush top class restaurant with his cronies. Will he keep his image as a fair person?

I recall an old adage - people will forget what they gained, they will forget what they lost but they will never forget how they were treated!

Employers beware.

Comments

  1. I fully agree. It seems to be an opportunity to slash perks and salaries in these times that is being utilized to the hilt by most companies.

    It would be interesting to see the employee movements from these companies when the job market improves.

    Wonder what the CEOs would do to shore up the revenues in that case. Would they hire new employees at much higher costs?

    ReplyDelete

Post a Comment

Popular posts from this blog

Power of observation

Mr Topiwala observed his niece being very interested in dressing up. He engaged in a discussion and came to understand a pain point of large number of Indian women. Something that women are very passionate, possessive about and have a very strong emotional bond, almost unbreakable bond. He created a new product that solved a huge effort and a recurring problem. And this was a self sticking, in varying sizes and design and in colours preferred by women, red and maroon. Since its launch in 1985, the brand is a huge dominant one in the market. Almost synonymous with the category. Companies would envy such a dominance. Over the years many innovations were brought about like iodine enriched, dermatologically tested and many more. 'Shilpa' bindis. An amazing story of a dominant brand that solves a real problem through acute observation. Would love to know of more such stories. #bindingmachine   #observation   #consumerneed   #businessmaze   #indianmaze 204-1-20

The biggest concerns - how we tackle?

These days, there are two topics of discussion. One about the national security and issues related to it and second, economic scenario and its impacts on individuals (own and in the organisations they work in). Jobs are difficult to come by. Packages are not as great as they used to be. How do students in B schools etc tackle it: - toppers are more worried about how much money will they make - others are looking at beyond placement cells - companies that were shooed away till last year are being treated with great honour - some students have resorted to contacting their freinds, long lost uncles, relatives etc to seek a favour On talking to a few CXOs, it was clear that making contacts to seek favours actually works to the detriment of the candidate. They all agreed that people is the key concern for them to run a business. They clarify quickly that it is all about RIGHT PEOPLE. How many students are actually writing to the organisations specifically demonstrating how they can add val...

Mass market opportunities in India

Are there no opportunities in mass market in India? A friend asked me after reading my post on niche opportunities. And the answer is a good news. A large part of consumption in India is still at a commodity and hence, unbranded level. Early enough, brands like Paras in fertilizers (by then HLL) and Parachute in coconut oil (by then Bombay Oil) brought about rhe change by a packaging differentiation/innovation. In hindsight it might appear to be too mundane. Over the years many categories have created brands worth thousands of crores in edible oils, wheat flour (still in early stages), sugar (in infancy) and many others. One such category ripe for disruption is jaggery. Are you ready for it? Both as a consumer and as a business person? #massmarket   #indiabusiness   #indianmaze   #jaggery   #businessmaze   #branding   #hul   #marico 199-1-20