Where Did Everyone Go
Time Magazine, Nov. 18, 2002, p. 64-66 This article talks about how companies are laying off employees in an attempt to save money during the fall of the economy. The ones who dodge the hatchet aren't necessarily the lucky ones, however. They must excel at thier old jobs to avoid more staff cuts and they must also juggle extra, unfamiliar duties. Even as sales pick up at many times, top executives fear that business in 2003 will remain sha
As soon as the economy picks back up again, it should fix this problem. One consolation that those burdened with extra work won't see is cash. It can lead to depression, anxiety, and substance abuse. The amount of stress can leave workers less able to focus on the work at hand. With raises frozen and more health-care costs passed on to workers, some employers are seeing the need for "recession perks". This is going to put high amounts of stress on the employees and may lead to disgruntled employees. A Florida-based Toyota distributor built an on-site daycare center for employees. I was happy to hear that they are making "recession perks" to try to boost the morale of the employees. And they're still doing it, even though most economists consider the recession technically over. Many companies have adopted cheap, creative ideas. Many other companies asked their employees to sacrifice some things like taking an unpaid vacation to save the company money and therefore not having to lay people off. Harley-Davidson lends its motorcycles to workers and rewards some with front-row parking.
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