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Ruthless Corporate Culture: Employee layoffs and Big CEO BonusesBY: Bharat | Category: Social Issues | Post Date: 2009-08-13
Welcome to the modern world of inhuman and ruthless corporate culture, where the personal respect and concern for the life of common employees really does not matter, only thing that management thinks about are the staggering corporate profits. Selfish CEO's and higher management is concerned only about their big fat paychecks, perks and bonuses, while the common employees are left with a high sense of job insecurity all the time. Frankly, when I hear the news of employees getting laid off from work or company not performing well either, then how come all these higher management sophisticated 'idiots' sill continue to get their yearly pay raise. I am not opposed to the idea of laying off people when the survival of company is at stake and it has no other option. The fact of the matter is, the moment company gets a new project, they hire too many people, try to complete the work too fast, make their employees work like slaves and once the requirement goes away they fire many of them by giving just a short official notice. The ruthless corporate culture is so greedy that it really does not care what happens to the employee once he goes out of the door. Infact these days, majority of employee layoffs have nothing to do with their performance. Just because in the last quarter the company had a good profit and in order to beat those numbers again in the current quarter they simply play with the life and career of employees by reducing their salary or doing employee layoffs. The decision of employee layoffs is somewhere or the other tied to the big CEO bonuses. These top level guys set hefty rewards for themselves if certain profit numbers are met. These people are simply too greedy and fail to give regard to the employees they are firing, even though they were with the company during the better times. These same employees could have left them and joined another company, but they were faithful. Companies should always keep a financial reserve that can be used during tough times. But majority of companies are so hungry for quick growth that they quickly spend profits in acquiring other smaller companies or excessively hire people needed to meet their high flying expectations / projections. The status of employees these days has reduced to nothing more than on-demand objects. Many people suggest that making employee unions is the answer, personally that may be somewhat a partial solution but I do not support unionized approach strongly either. These employee unions become too radical and political over time, hurting the company and protecting even the non-deserving and lazy workers. Once a person loses his job he is left in a limbo, how to pay his house rent/mortgage, tuition of kids, every day expenses and countless other things. He gets even more frustrated when he sees that the CEO of the company just got a big bonus because he reduced the operating cost by firing him. Wish I had the solution, but as I mentioned earlier it's not that either. Companies need to set growth standards which are more real, and not necessarily those which only please the shareholders. A company need to be careful in hiring and make sure they do not over hire people. They need to keep a reserve in case 1-2 quarters go in loss. If a company has made slightly less profit than earlier, they should not fire employees because it is still profitable and slight decline should not result in Employee layoffs. Most of the time when people are fired from their job, the timing is too bad because every other company is firing their own staff and not hiring new employees. This is a very tough situation for workers. Its is very hard to explain career breaks in resume. I am not being a socialist, but suggesting to just be more practical. The salary of a single CEO may be equal to 50 or 500 people under him and that is totally impractical. Employees should be fires but if they do not perform well or act lazy. Infact many companies make their employees to forcefully resign to avoid the tag that they 'fired' them. Employees too prefer self-resignation way because it is better than to explain a 'resignation' than a 'being fired' in the next interview. Human resource departments try to find ways around the labour laws. 'Corporate policy' and 'Tough business environment' are buzzwords used behind all illogical atrocities . Managers try increase productivity and working hours of regular employees to a point that they become distressed and depressed. Their personal life goes for a toss even when they are employed. When such a worker is fired his frustration is very obvious. Frankly I hate this new corporate culture which is ruthless and inhuman. CEO's should be personally answerable to every single employee layoff and before making any decision that impacts life of other employees, he should take a look at his own paycheck and bonuses, and think of making a cut there. Article Source: http://www.saching.com About Author / Additional Info: Additional Articles: * Red Carpet Dresses Are Very High Profile * Pet Animals: Benefits of having dogs and cats at home | Hobby * Addiction to alcohol: Health problems due to alcohol intake * ADAPS (The Partial Theory) - Alternate Rock band from Goa, India * How the love starts between a Boy and a Girl Does this article violate or infringe on your copyright ? It is a violation of our terms for authors to submit content which they did not write and claim it as their own. 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