Thursday, January 8, 2009
Job security - a suggestion?
Large scale lay offs in USA and now in India and may in other parts of the world has a cascading effect resulting in the breakdown of economy and the current recession worldwide. Job losses resulted in subprime problem, liquidity crisis and so on. This affects every section of the society by way of inflation, loss of savings in banks and stocks resulting in people conmmitting suicides and increased crime rates.
My question is about one suggestion that in place of laying off 10% of employees, why not make a law that the companies should as a first resort cut down the salary of all employees by 10%. 10% jobs saved can help stability of the economy. Later when the situation improves, salary of all can be restored. Do you think this is viable?Job seeking can be a difficult job in itself, especially if you're not used to it. I was struggling with my job seeking for the last month until I discovered the site in the box below resource which has some superb instruction for job hunters. After using their methods for a few weeks I got myself myself a superb job. http://homebizfree.blogspot.comYes, it is an excellent idea.
I vote for it.
However, most upper management people are greedy. They do not want to see their checks cut, they instead let go low and intermediate title employees, so their check remain the same.
W.
I do think it's certainly a viable option, as well as a huge economic blessing. I'm sure most people would rather take a 10% cut in pay rather than loose their job to recession and downsizing.
I thought United Airlines did this a couple years ago, and while it makes perfect sense to me - I don't think it worked well for them. Mayor Daly in Chicago just announced unpaid days off for employees not in police or fire depts. The number of days off doesn't seen unreasonable (I think the article said 3-4 days during the year), with an expected savings of $6m per year. A bit of distribution of wealth would definitely be a welcome proposition anytime. Perhaps this has been the bane of a capitalistic approach in that it tends to skew the benefits to suit a few. But to bring in a law to suit that purpose would be difficult process. It will then involve the Government and that will be a complex never ending affair It is the companies themselves who have to take a humanitarian approach in times of such crises. But then "compassionate capitalism(well did I create an oxymoron..) does not exist.No, that would be too humane and make too much sense. I say, cut everyone's hours by 10%. That way, there is benefit for the employees as they can spend more time with their families or going to school. It would also keep the workforce in tact for when business picks up.
Welcome to the wonderful world of unregulated capitalism. You soon find out one bitter truth.
Corporations have to mind to reason with, no heart to appeal to, nor a soul to damn. #If you have any other info about this subject , Please add it free.# |
|
Posted by anonym |