Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
But when a business starts losing profits, they MUST continue paying for labor that they cannot afford?
They are called "greedy pigs", but you are being responsible?
It's basically the same thing. When you need to cut services, you do.....without regard for the people that you effect.
I understand what you are trying to say, but the reality is most corporations are not managed by their founders anymore, so you have CEOs paying themselves millions and giving themselves bonuses, while they use declining sales as a reason to cut employee numbers and wages.
Not really. There are quite a few more responsibilities than *just* payroll.
Which is a big one itself.
Starts with: Taxes, Safety, Health, Wage Rates, and (sometimes) Retirements, Pensions, Vacations, Holidays, on and on.
If you wish to dump them on "Friday" there is likely: Unemployment, Cobra, follow-on Health and Liabilities.
Being a competent and proper employer is a Real Grown Up Job.
Part of why I avoid and encourage those I work for to avoid "Employee" status for me. Many I do not trust to be competent grown-ups and why I work for them as a Contractor.
Sorry, I think I got lost in the Metaphor, there.
Now I think we are talking about philosophy and moral issues. At this point of the "Looter Stage" the US has reached with the MBA All-About-Me value system -- this may not be salvagable.
The liability to the employee is independent of the liability to the tax agencies. I had a fairly large company and am aware of the headaches as well as the benefits.
If I work a guy 40 hours and pay him for 40 hours, we are square.
There was no metaphor.
I treated my employees great, but I was competing for resources. PhD's and senior research types. Pool cleaners and illegal gardeners are easier to find for cheap.
I understand what you are trying to say, but the reality is most corporations are not managed by their founders anymore, so you have CEOs paying themselves millions and giving themselves bonuses, while they use declining sales as a reason to cut employee numbers and wages.
Board of Directors determine the CEO's salary and bonus.
CEO's don't just write company checks to themselves for as much as they want.
Most CEO's get hired under contracts as well.
Board of Directors determine the CEO's salary and bonus.
CEO's don't just write company checks to themselves for as much as they want. Most CEO's get hired under contracts as well.
And most of them have wonderful parachutes even if they are bad at their job....if only the rest of America could have it so lucky.
How do you make more? By firing people here, and hiring in India, Indonesia and China? (Hint: It had been one of my responsibilities with a large corporation since 2002).
I understand that but it differs with certain situations. Glendale mall has 5 janitors, it lays off 2 to save money but will demand the other 3 make up for the work load while keeping their existing pay. Scott' auto dealership has 2 maintanance guys at $10 a hour, it lays off one to save money but will expect the one left to tackle the complete workload while staying at the $10 a hour.
Now if Joe homeowner has a lawn guy and a cleaner guy and stops using one to save money good luck with him if he tells the lawn guy to do the cleaning also at the same existing pay. That is the difference.
So, if three can do the job of 5, that business has been getting screwed, right?
You see....by following things to their logical conclusion, you understand things better.
Now, if three simply cannot handle the workload of 5, they need to hire one more. Staying fluid in personnel decisions makes a business stronger.
That's being done at all levels of business.
My dept got decimated in 2009 and we went from about 20 to 10 in a matter of 1 hour.
What about the work you ask ? Oh those of us left were re-assigned their jobs as well as our own.
That year we got no raises or bonuses yet the corporation had a banner year of profits.
Had 3 years to go for early retirement. I just layed low and did the min.
Any loyalty for the company was gone 100%...I was there for the paycheck only.
As of 2012...of the 10 that were spared there are only 2 left working there under the manager.
2 of us retired and 6 left for other companies that were coming to Austin which had sprung a mini tech boom.
Of course they had a banner year. They unloaded half of their workforce and still got the same production.
Man, were they pissed when they realized that!
Oh....now that they have two, they were REALLY getting screwed by labor costs.
I understand what you are trying to say, but the reality is most corporations are not managed by their founders anymore, so you have CEOs paying themselves millions and giving themselves bonuses, while they use declining sales as a reason to cut employee numbers and wages.
Boards pay CEO's.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
