Employee Layoffs – Cause and Effect… and Results

From a recent email press release I received:

WASHINGTON, DC, September 21, 2009 — The cost-cutting actions that employers have been making to deal with the economic crisis have contributed to a sharp decline in the morale and commitment of their workers, especially top performers, according to… Watson Wyatt and …WorldatWork.

Really. This is similar to those “duh” surveys funded by taxpayers like, “Scientists now claim that eating fat makes you gain weight.”

That this recession has left employees (and managers, executives, and board members) less confident about their status with their firm is no shocker. That’s not exactly “whouldathunkit” material. (more…)

Loyalty in Employment – Where the Hell Did It Go??

I frequently hear a discussion around this topic. Most wail and moan about employers today, about how “they” show no loyalty, about how “they” will lay anyone off at any time…

Personally, I believe too many answer this one-sidedly.

It’s not just employers who are not “loyal” anymore; employees seem to always be on the prowl for something new as well. Go to monster.com or careerbuilder.com, and do a search on your current company as employer.

Prepared to be a little surprised. Many — or most — have their resume out there, and are trolling for their next better opportunity. This is neither good nor bad, necessarily, but it does bear further investigation. (more…)

Memo to Harvard: Physician, Heal Thyself

OK, I’ll admit it. I didn’t graduate from an ivy league institution. Probably closer to coastal bermuda league, but that’s beside the point.

Harvard University has just announced severe cost reduction moves as its endowment loses another 30%.

Cue violins… no, wait, kill the fiddles, guys.

Lest we fall into alligator tears here, realize that this endowment is now worth a paltry $25B (yes, Billion) dollars. I used to work for a man, Jerome Robinson, who would say “well, isn’t that just a nice, round number??” He was talking about single-digit millions, of course, but the concept holds true. (more…)

Saving Your Way to Prosperity

Catchy title, eh?? Saving Your Way To Prosperity…

The bummer fact, of course, is it can’t be doneso stop trying.

We have to accept what we all know to be elemental — that taking a defensive position can, at best, only limit losses. And we need gains. (emphasis added)
— Peter Drucker, HBR 1961

Written in 1961 — almost FIFTY years ago — by one of the most brilliant management minds of our time.

Ok, we’ve had some economy missteps; I get it. Financial markets continue to be unstable, at best; I get it. Uncertainty seems to be the order of the day for many; I get that too…

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Because I Don’t Have To…

I’m a Verizon customer. Have been since I got my first cell phone in 1992. They were GTE when I first signed on, I think.

Loyal? Hell no, just practical. They have the network that seems to support me best in my locale and travels. I’d dump ’em in a second if someone — ANYONE — came along with just a modicum of customer service or concern. I’m searching for the proverbial “iota” here…

I won’t give a litany of examples of my thoughts and opinions on Verizon’s poor customer service; after all, this is a blog, not a whine. I’ll just use the most recent…

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Generations, Sasquatch, and Other Mythical Monsters

“That generation just doesn’t have a work ethic.”

“They always want things handed to them…”

Blah, blah, blah… we’ve all heard it, right?

All in all, I think the whole “work ethic” debate is a bunch of bunk.

In my experience, people really define “work ethic” as “works as hard as I do.” So, if someone has a “good” work ethic, then they meet my standard of effort; if they don’t, they don’t. This is easily exemplified when people will disagree over a particular coworker’s “work ethic.” (more…)

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