which is the best way to get out of recession-(cutting jobs/cutting salaries)

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	which is the best way to get out of recession-(cutting jobs/cutting salaries) Created by : BHUJYOTI KAUSHIK, O & M Engineer, ericsson india pvt ltd \| 12 10 2009 07:29:36 +0000 Industry : electronicsFunctional Area : India(Markets) Keywords : economy Activity: 262 views; last activity : 10 27 2011 07:21:23 +0000 solutions

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Neither - the best is to target and tax the upper segment of the country. Salaries cut especially among the junior segment will only restrict the purchasing power of an individual and naturally derail the spending power. During times like this it is very important that money circulates in the economy. The elite class will be able to bear the crunch without substantially affecting the spending. Anyway a good chunk of their money is never put back into the economy and usually spent on purchasing land at exorbitant rates which in-turn inflates the real estate market.
By Renashmi Kaur, Events/Promotion Executive, Eventzo Delight Pvt. Ltd. 10 26 2011 07:31:52 +0000

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Support "cutting jobs" edit in rich text ... Submit Cancel Saving ... 0 0 There are many more ways to cut down the costs.I dont believe these are the only two ways to choose. Ensure cost cutting measures in every walk of the business. From procurement to distribution. Wastage has to be cut, use the HR to the most. Instead of going negative way, ask the employees to give more of them like enhancing the working hours, improving the productivity at no extra cost. Instead of cutting salaries other items on CTC can be cut with an exception to medi claims. Use the technology most, improve the quality of the product, re-jiggle marketing strategies, find ways innovate ways to market the product and lessen the burden to the utmost. By Srinivas suravajhala, Asst. Manager. \| 10 27 2011 06:33:08 +0000 Edit \| Delete Support \| Oppose	Support "cutting salaries" edit in rich text ... Submit Cancel Saving ... 1 0 Yes Renashmi, great insight. Clearly money has to be pumped into the economy at times like this. However it should be regulated and not used to further bulge the treasury of the political and industrial netas. By Shameena W., Admin Manager, Wizcraft Inc. \| 10 27 2011 07:21:22 +0000 Edit \| Delete Support \| Oppose 0 0 In my case, I distribute the surplus money for the needy people.. on books, fees, clothes etc. No investments in real estate market or otherwise (except IT exemption limit of Rs.1 Lakh) By Suryanarayan Murthy, Asst Vice President (Corporate Finance), A Hydro Power Project \| 10 27 2011 04:53:31 +0000 Edit \| Delete Support \| Oppose 0 0 I think dis would ruther help the organisations as well as the employee to make some compromisation. coz cuttin jobs will lead to increase the unemployment. it may help the firm to stablise but it will ruin the life of them who looses the job. By BHUJYOTI KAUSHIK, O & M Engineer, ericsson india pvt ltd \| 12 10 2009 07:29:36 +0000 Edit \| Delete Support \| Oppose
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