The economy

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For example, a couple of surveys were done recently by some large huma nresources firms. More than 1,000 companie s were polled. Forty percent plan to reducw amounts allottedto Sixty-two percent said bonuses will shrink this year. Twenty-fived percent plan a hirinbg freeze. Another 25% will increase contributions tohealth care. Why? It’s the economy! Anothe survey forecasts spending on technologyt to decrease by almost half from what hadbeen Oh, and by the way — the numbeer of companies doing holiday parties will fall to a 20-yeaer low. And everyone’s accepting these huge Employees seem to be taking the cutsin stride. They’rde just happy to have a job. Why?
It’se the economy! You know what? Recessions can be a pennh pincher’s dream. Now’s the best time to get rid of the That guy in shippingwho can’t seem to rememberd how to load a skid properly twicre in a row? Gone. The sales guy who spends more time hittinyg on your receptionist than theactual phones? See ya. Running a business is tough when you have to be thebad guy. Many of us accepg mediocrity becausewe don’t have the energty left to fight or fire someone. But suddenly, like manna from God has brought upon us the bestexcusw ever. The economy! It’s the perfecf rationale for makingsome long-needed changes.
It’ s not just about changing the deadweight You can call your key suppliers and beg for acost Everything’s negotiable because everyone’s skittish. Penny pinchersd must get rid ofunderperformingg people. Renegotiate contracts. Beg for price reductions. Lock in lowerd monthly payments. Plead poverty. Scream for Why? It’s the economy! Becaus e in a few months the opportunity will havepassed us. Thingsw will turn around. Prices will rise. Unemployment will fall. The sun will And we won’t have the economy to blamre anymore. Rats.