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HR Professionals
Lay offs or wider salary cut is about cost recovery and not a HR policy any more
Tags :
Cost cutting
Industry :
Management & Strategy Consulting
Functional Area : Performance Management |
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About "Lay offs or wider salary cut is about cost recovery and not a HR policy any more" topic:
In times of recession, when some businesses delelerates and in some other businesses margins shrink incredibly. Where a business itself is seeing negative growth due to over capacity or lack of demand, like the car industry today, massive lay offs is the only solution to cut costs drastically.
But where the business stays with shrinking margins, the entire HR team need to take a huge salary cut. This is because the business needs your services but not at the existing salary levels, becoming more and more abominable every day now. like the finance, infrastructure and real estate businesses.
1 debates
, 1 question
on topic: "Lay offs or wider salary cut is about cost recovery and not a HR policy any more"
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Wide Salary Cut
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Lay offs
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Vipin Bhasin
| Argues in support of
"Wide Salary Cut"
| 2 years ago
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During Recession "Wide Salary Cut" will be positive approach even mukesh ambani and many more ceo in world made cut in their salary himself. And it is also good for employee than Lay offs during period. Otherwise it is not a unique strategy......
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Ajay
| Argues in support of
"Lay offs"
| 3 years ago
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I think the debate should be referenced i.e the debate is for period during recession time or all times and I think views may change with the associated period. In recession period I would say companies should go for wide cut as already there are...
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avena suri
| Argues in support of
"Wide Salary Cut"
| 3 years ago
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Dayanand i partially agree with you as this would mean that companies dont think twice before recruiting people. Again, laying off employee just mean that you dont trust your employee potential. There are other ways to deal with the situation....
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Debate: "Is it be better to have wide salary cut rather than lay offs in Corporates?" deleted from your view.
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Viktor Stephen
| Answered
| 2 years ago
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Maria, please clarify your question. Are you asking about education being the benchmark/cutoff in employment or are you venting your grudge against freshers being called 'executives' and being given recruitment responsibilities?
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Shishir Mishra
| Answered
| 2 years ago
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It should not be the case...not all MBA people are good at everything....and people with enough experience in recruitment field who have done jobs in some start up companies in a less known consultancy firm will indeed have more experience and...
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Answer: "Should an MBA degree or Education be the basis of cut off when jobs are limited in the market ? e.g. HR , where a huge..." deleted from your view.
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Sony is yet again ready to layoff 10,000 employees. It is not clear if this will be from Japan or overseas. This makes us think that how unpredictable can working in big brands be. We normally think that we should go for a big brand instead of working for a small company but when incidents like this happen they tear away our dreams, make us rethink and take away our sleep. If a company is going to lay off so many people where would they go, what would they do and how will they move forward. We have no answer to these questions. According to Nikkei‘s sources, Sony might also request that its seven executive directors — including Stringer — return their yearly bonuses. Sony hasn’t officially confirmed the report, but Hirai is set to brief the company’s business plan on Thursday, March 12.
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