Credit crunch?

A while ago, I blogged about there being lots of companies using the credit crunch as a convenient excuse for getting away with a lot of crazy policies…well, here we are in March 2010 and I’m starting to see the same things happen.

While I understand companies have to protect themselves and to remove the ‘dead wood’ from the company, right now it’s all coming across as penny pinching. My company isn’t making anyone redundant, before people get the wrong idea, but it’s putting shareholders and cost-cutting above the people that help make it a success.

I recently met with someone who’s philosophy for running his own business is along the lines of keeping employees happy will lead to happy customers and then in turn keep the shareholders happy.  It was refreshing to hear, but I have to ask how many companies employee a similar style? Where I am now the shareholder is king. The pressure across the company at the moment (to deliver more for less) is enormous. The pace is unbelievable. Our bonus is tied to the number – and not to our individual performance.

Is my company struggling? Did it miss numbers?

No.

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One thought on “Credit crunch?

  1. Sears,by the way, a great example of what greed does to a corporation.
    Putting shareholders interests and profit first,treating the majority of the employees with no respect at all,then eliminating customer service entirely.
    They will self destruct soon.

    Being that I am into Poetry not Business,surprisingly,
    I really enjoyed your blog,thanks.

    Peace,

    Laz

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