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.
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.
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.
ReplyDeleteIt 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?