Image by Getty Images via @daylife Unemployment is bad for the individual because it affects regular flow of income. The individual is forced to rely on savings or on the income of the other partner until he or she gets another job. However, another bigger disadvantage of unemployment is the reduction in skills that the individual faces after he or she gets a job. It does not matter whether the individual works in the marketing or HR department or in a technical area of activity like the production department. Lack of practice and regular employment is always going to affect … [Read more...]
Reducing Costs – Try To Do Something More Than Making Tall Announcements
Image via Wikipedia It would have been wonderful if reducing costs simply involved announcing which costs are wasteful and which costs are essential. The irony is that an announcement that one shall no longer tolerate wasteful costs immediately results in all existing costs becoming very essential and important. People find it so difficult to reduce costs that they prefer changing the benchmark and presuming that certain costs are important when they are, in reality, wasteful. As an employer, making bombastic statements and hoping that employees shall take care of the rest is … [Read more...]