Question for the business guru's here

[Kidlicious]

Originally posted by Grandpa Troll


what is too late?

It's too late for your company to be responsible for their employees. They wasted their profits instead of building up a cash reserve that could be used to keep them employeed during the recession.

[SlowwHand]

Originally posted by Kidicious


If your company would have saved their profits during the good years they could have lowered their prices and not put pressure on your employees now.

Let me ask you this, Eistein. Let's say an hourly worker is working 10 hour a week overtime. Do they put that overtime pay in savings? I'll bet you 5 dollars that at least 95% use it in their general budget.
When overtime goes away, they're screwed. It's not the business totally. Take off your blinders.

[BlackCat]

Originally posted by Kidicious


It's too late for your company to be responsible for their employees. They wasted their profits instead of building up a cash reserve that could be used to keep them employeed during the recession.

BS. Kid, that method will only produce even more unemployed workers. There are no gurantee that the company ever will get up to same level of employment, so your method will just kill it and make even more people suffer.

It's way better to fire people an let them go into other jobs.

[SlowwHand]

I'd MUCH rather build a case and fire someone for cause, than find myself having to lay off not only dead wood, but healthy contributors, also.

[Kidlicious]

Originally posted by SlowwHand


Let me ask you this, Eistein. Let's say an hourly worker is working 10 hour a week overtime. Do they put that overtime pay in savings? I'll bet you 5 dollars that at least 95% use it in their general budget.
When overtime goes away, they're screwed. It's not the business totally. Take off your blinders.

Why would I have to save my overtime earnings if I'm getting paid enough with regular earnings?

[SlowwHand]

Why would you not, if you're getting paid enough with regular earnings?

[Kidlicious]

Originally posted by BlackCat


BS. Kid, that method will only produce even more unemployed workers. There are no gurantee that the company ever will get up to same level of employment, so your method will just kill it and make even more people suffer.

It's way better to fire people an let them go into other jobs.

Ah, no. It's the inefficiency of a system that lays off it's workers in a recession that causes recessions to be worse than they would otherwise. If people didn't lose their jobs in a recession, things would be a lot better for the whole system. But companies are greedy and disloyal to their workers.

[Kidlicious]

Originally posted by SlowwHand
Why would you not, if you're getting paid enough with regular earnings?

Do you even get my point? I'm saying that the corporation should set up a cash reserve for recessions so that they don't have to lay workers off. Why are you saying that workers whould save their overtime earnings?

[SlowwHand]

How can you not see it's the same? Businesses, to remain growing, reinvest into the company.

[Kidlicious]

Originally posted by SlowwHand
How can you not see it's the same? Businesses, to remain growing, reinvest into the company.

Before a recession? What the hell? What good is all that reinvestment if you are going to lay off all your workers?

[Grandpa Troll]

Originally posted by Kidicious


It's too late for your company to be responsible for their employees. They wasted their profits instead of building up a cash reserve that could be used to keep them employeed during the recession.

Thats about a lame ass way of survival.

So your saying save money, while not taking in as much just give it away?

i take it your either not in management or never have been in on running a major operation?

By the way, ur company is fine, but am concerned with your convoluted thinking, just how long would you personally "float" employees?

[SlowwHand]

You're assuming that all companies are going to lay off all employees.

[Grandpa Troll]

Originally posted by Kidicious


Why would I have to save my overtime earnings if I'm getting paid enough with regular earnings?

The field your in may mandate a wage not inline wth your lifestyle?

Rule of thumb, 1) rent/mortgage should not be more than one weeks pay per month.

20 base your budget on 40 hours, not overtime.

In construction, one should allways be prepared, rainy/slow periods, lack of workload, ect.

[Grandpa Troll]

Originally posted by Kidicious




Before a recession? What the hell? What good is all that reinvestment if you are going to lay off all your workers?

who said layoff all workers?

Your only time to invest in the company's future is during profitable times, slower and tighter times is the time to run a tighter ship.

The best companies maintain a certain committment to BMP's and hold their workforce to such levels, we do.

But when times are tough, best sacrifice 1-2 than the whole lot

GT

[Kidlicious]

Originally posted by Grandpa Troll
Thats about a lame ass way of survival.

So your saying save money, while not taking in as much just give it away?

i take it your either not in management or never have been in on running a major operation?

By the way, ur company is fine, but am concerned with your convoluted thinking, just how long would you personally "float" employees?

My point is that you have no loyalty to your employees, because you are acting as if you do. You went on with your business as though there would be no recession in the future, knowing good and well that you would lay off your employees when the time came.