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(Time)   Businesses are learning that by downsizing the workforce they are, in effect, destroying their bottom line   (business.time.com) divider line 10
    More: Ironic, layoffs, MIT Sloan, Red Lobster, Domino's Pizza, morale, businesses  
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5974 clicks; posted to Business » on 28 Apr 2013 at 8:37 PM (50 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-04-28 08:48:10 PM
2 votes:

DKinMN: HMS_Blinkin: Aar1012: You mean that cutting long term investments (a loyal and competent work force) in favor of short term gains (boost in profit and budget) would backfire!?

Shocked...you can color me it

The frustrating thing is that this pattern of behavior, where long-term growth and stability are sacrificed for next quarter's profit, has been a freaking cancer  on American business for at least the last 30-40 years.

For a cancer patient, the American economy looks remarkably healthy.


It's like pancreatic cancer. You look and feel fine. Until you don't. And then you die.
2013-04-28 07:34:18 PM
2 votes:
You mean that cutting long term investments (a loyal and competent work force) in favor of short term gains (boost in profit and budget) would backfire!?

Shocked...you can color me it
2013-04-29 08:34:34 AM
1 votes:

stiletto_the_wise: gingerjet: Try hiring an engineer with actual experience sometime. The only people you are going to get are foreign workers. And immigration is good for the economy. Especially since we aren't kicking out the kids like we should.

/on average my H-1B workers are paid much more than their American counterparts. They usually come to the table with advanced degrees and less shiatty attitude

This. I can't remember the last time an actual American applied to be a Software Engineer at my company. I'd love to hire one just for the sake of diversity. They simply do not exist anymore (or are all working at Google and Apple...)


You probably underpay, most companies do.
2013-04-29 07:47:33 AM
1 votes:

padraig: A Red Lobster spokesperson told the Sentinel that while some customers liked the four-table policy,

How on Earth could the customers have an opinion on this policy?


Free meal.  You ever criticize your in-laws' Thanksgiving dinner to their faces?
2013-04-29 03:09:44 AM
1 votes:
At some point, however, increasing the workload on employees backfires. The burden becomes too much for workers to bear, and when employees are overwhelmed and can't keep up with their duties, it's just plain bad for business.

VINDICATED!

Damn! I've been pointing that out for over 20 years and been ignored. Gosh knows how many FARKers have said the same thing, and been ignored.

The last company I worked for pushed it's employees so hard that, in Florida alone, in a 10 year period, they went through 25 sub contractors, over 2000 employees and three years after I left, they went belly up. DHL took over, and lost it, when they hired subcontractors who required the individual drivers to buy and own their own trucks -- per corporate specification and pay their own insurance and buy their own gas.

I like to shop at Winn Dixie, but changes have hit the store hard. To begin with, Winn Dixie doesn't allow store managers to order for their stores depending o0n the customers they serve. The Home Office does the ordering based on computer logged inventory. So, if you can't find, say, Campbell's Pea soup and you and others have requested it, blame it on the home office. Their policy basically ignores the store managers awareness of his customers needs.

So you go down the street to Publix, buy your Pea Soup and discover that they periodically have some outstanding deals on bulk beef -- better and cheaper than beef at Winn Dixie. So, you start splitting your purchases. (Winn Dixie offers a membership card service with good discounts and a great gas incentive. Publix doesn't.)

When I worked at a hospital, things were great, until they changed management. The first thing the new management did was try and segregate the professionals and non-professionals. (Pretty much a med tech like me was not supposed to have lunch or take a break with an RN.) Then they fired a bunch of staff, never replaced them and dumped their workload on those remaining. They didn't even bother to increase pay to cover the additional work. They developed a complicated way of paying overtime, meaning if you worked it, you very likely would only get straight pay.

The excellent care in the hospital started nose diving. At one time they decided that 4 year RNs were better than 2 year, so they could be charge nurses on the floors. RN with a 2 year degree would be regulated to doing much more floor work, along side the LPNs and medical aids. Then they decided the LPNs were barely nurses at all, cut their pay and regulated them mainly to nursing assistant work. They fired skilled nursing assistants and cut the staff down along with the pay, since they had nurses doing the assistants work anyhow.

Bad idea.

Nurses went on strike. Many quit. LPNs turned out to be vital after all, especially when they started going elsewhere to work and the service at the hospital became so bad that it slid from the number one spot on the coast, to one of the least desired to go to. Mistakes and corresponding lawsuits soared.

Nearly 30 years later and the hospital is still trying to recover, though they still over work their staff.

I've been through a lot of businesses and seen what happens when you treat good employees like shiat. For one thing, the incidents of employee theft just soars. Plus, employees are less likely to watch out for the usual thieves or to take action when they spot one.

We have an airplane company here making small, personal craft. When they started cracking down, employees damaged expensive machinery, one started using company materials to start and supply his home made belt buckle business (they were darn good) and theft soared.

One customer showed up to take possession of his new, expensive aircraft and when it wouldn't start, the mechanics opened up the engine. They found a pack of cigarettes in a piston cylinder.

One guy stole enough parts to nearly build his own aircraft -- but tossed them in the main canal by the factory. He just wanted to make a point -- with close to $100,000 in high end electronics and precision parts.

It always takes decades for bad ideas in business to be corrected.

Like paying CEOs enormous salaries while laying off 1/4 of the work force.

BTW. The Yuppies encouraged this attitude by mainly investing in companies with high profits -- which forced other companies to concentrate on bigger profits, which led to outsourcing, early retirement and layoffs. Don't forget the era of hostile takeovers, mainly designed to close a company, sell off it's stock and supplies, sell off the land and buildings and make a profit.

As one corporate executive said to me 'It's not personal. It's just business.'
2013-04-29 12:05:40 AM
1 votes:

buzzcut73: minoridiot: I wonder how many Sigma Six black belt it took to figure this out.

This is pretty much the only thing our country seems to produce anymore...a bunch of forms to prove we can comply with the latest corporate big thing that everybody is doing. ISO, Six Sigma, LEED, whatever that may be.

What I need to do is come up with that next big thing so I can fleece large corporations and make them happy for the privilege. They might even add it to the signage and promotional materials they give to prospective customers, giving me free advertising.


The next big thing will be to take the Six Sigma consultants and apply Six Sigma to them.  Stick a label on the tool and then hang the tool off the appropriate hook.  For example: http://www.borderlandbeat.com/2012/05/nine-bodies-found-hanging-off-n u evo.html
2013-04-28 09:34:56 PM
1 votes:

Summoner101: Businesses are learning?

I highly doubt that.


This - Malaysian monkey trap. you can't change primate behavior. the wealthy and powerful know exactly how they caused the last great depression, and they are going to cause another one by doing the exact same things, because they literally cannot stop themselves - because they are apes, like the rest of us.
The Koch Brothers and Rupert Murdoch can no more stop themselves than a crack-addicted ghetto-rat can stop himself from robbing a liquor store. It's ape programming.
2013-04-28 09:06:13 PM
1 votes:
reisman.lohudblogs.com
Oblig.
2013-04-28 09:05:54 PM
1 votes:

reported: / is that politics-tab-grad derp?


Meh, I didn't mean derp, I meant rant. I'm just too tired and distracted now to make my point effectively.
2013-04-28 08:09:55 PM
1 votes:
fta The burden becomes too much for workers to bear, and when employees are overwhelmed and can't keep up with their duties, it's just plain bad for business.

So? Fire them. Or beat them. Or beat them and then fire them. The point is to abuse those slackers so much that you strike fear into the hearts of those who haven't quit yet.
 
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