Financial Disaster
The world of finance is interconnected.
You may see things, production running well,where you are working.Behind the scene the
management is struggling.
For the sake of progress some of the frustrations
you are not told because you can
1.be demotivated.
2.be unproductive.
3.look for another job when you are still working OR
4.Work part time somewhere.
5.misbehave
6.demand their pension
7. resign.
Thats why the management will not tell you about all the problems which they encounter.
The management have the following options
1.Borrowing
2.Selling some of the assets like transport.
3.Closing some branches.
4.Renegotiate the rent
5.Reducing the work space.
6.Cut hours of work.
7.Give more free days.
8.The last Resort is insolvency.
The labour expects to be involved right from the beginning.When there are problems the labour will agree to
-No increment.
-Reduced working hours.
-No promotion
-Management should agree to lower their bonuses
OR
-The management must not get the double bonus.
-The shareholders must not get the exorbitant profits.
What about the Government Workers?
All the Governments rely mainly on Tax Collection.When the Unemployment increases,the
Tax Basic decreases even if increasing the Tax to the Employed will be not be enough.The following
challenges will happen:
1.The salaries will not increase
2.No new employment.
3.No replacement from those who pensioned or resigned.
4.Fusing the Department.
5.Forced or encouraging early retirement.
Next time when you negotiate for better salary:
-Just look at the "healthiness" of your industry.
-Work harder in your position.
-Ask how much you can contribute.
(Formally or Informally)
-Be always be happy at work.
It has proved that the Happy Person is productive.
It is like "infection" which will affect the other colleagues.
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