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Layoffs @ Work (pg. 2)
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| jchung52 |
| lol just hired 6 new staff today... |
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| FunkyCrew |
| we're good for now, got my raise and a bonus yesterday |
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| Orko |
I just got hired, I feel VERY lucky to be employed in this environment.
I was settling in for the long haul, and started to create a bunch of projects for myself so i wasn't just sitting around wasting time. |
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| Skipper |
If there is any advice to follow in this market, it's that now is not the time to be demanding, inflexible or underperforming. Many companies use a downturn to really prune their people and keep the best of the best.
I work in financial services and it is ing scary, but our firm is small and doing much better than some of the others. Still nerve wracking to watch your competitors go through it though. |
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| Orko |
| quote: | Originally posted by Skipper
If there is any advice to follow in this market, it's that now is not the time to be demanding, inflexible or underperforming. Many companies use a downturn to really prune their people and keep the best of the best.
I work in financial services and it is ing scary, but our firm is small and doing much better than some of the others. Still nerve wracking to watch your competitors go through it though. |
My buddy works at a small insurance company, and has been loving all the increased business over the last 6 months! Best 6 months in his company's history, I believe.
I think small, tightly run businesses have an easier time in this climate. Large business, get bloated with too many fringe employees, who don't add enough value to justify their cost. |
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| VERTiG0 |
| quote: | Originally posted by Inrush
yeah i heard volkswagen is up in sales huge! but that could be different now. My bro was going to buy one and it would have took 5 months for them to get it for him. |
They haven't been up in a long time... They were down 14.4% last month alone. Only Mini is up, by 0.1%, hahah. |
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| Inrush |
| quote: | Originally posted by VERTiG0
They haven't been up in a long time... They were down 14.4% last month alone. Only Mini is up, by 0.1%, hahah. |
yeah i dont remember when I heard it but i thought it was not that long ago. |
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| VERTiG0 |
| quote: | Originally posted by Inrush
yeah i dont remember when I heard it but i thought it was not that long ago. |
Last time they were up was in August 2008, at +2.9%. |
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| patpicos |
my work has been doing process re-engineering for the last 6 months in large departments, causing 10-30 to go as efficiencies are made.
Our yearly increase was supposed to occur in february, was delayed to april and retroactive to january.....now pushed to July and not retroactive :(
I know something big is happening...but I remain hopeful as Im an energetic employee and keep bringing improvements. I was sent on training last week...so I hope its a sign that i'll be kept!
I sure hope that if there's a cleanup, it will prune the bad apples and paper pushers! |
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| English Rachel |
| quote: | Originally posted by ChemEnhanced
I wouldn't say its everywhere. Our office is looking to hire more people. We've had our best January in the 8 years I've been in this office and anticipate almost 100% increase in profit from 2008.
Its typical during harder times that Insurance Claim volume increases. |
Ok, ok. If you work for the Beer Store, LCBO, OLG, Insurance, Healthcare, you're ok. |
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| Skipper |
| quote: | Originally posted by Orko
My buddy works at a small insurance company, and has been loving all the increased business over the last 6 months! Best 6 months in his company's history, I believe.
I think small, tightly run businesses have an easier time in this climate. Large business, get bloated with too many fringe employees, who don't add enough value to justify their cost. |
Insurance is an odd bird. While you won't get people buying more home/car insurance (as people are buying fewer homes/cars), I was doing some research on the health care industry this week and was surprised to learn that health insurance claims/benefits increase in a recession. Turns out people are afraid of getting let go and therefore rush to get all of their dental work, eye exams, etc done just in case they lose their job.
Health care has traditionally been recession resistant, as has the death industry...good time to start your career as a funeral director. |
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| ChemEnhanced |
| quote: | Originally posted by Skipper
Insurance is an odd bird. While you won't get people buying more home/car insurance (as people are buying fewer homes/cars), I was doing some research on the health care industry this week and was surprised to learn that health insurance claims/benefits increase in a recession. Turns out people are afraid of getting let go and therefore rush to get all of their dental work, eye exams, etc done just in case they lose their job.
Health care has traditionally been recession resistant, as has the death industry...good time to start your career as a funeral director. |
Home and Auto Insurance is a tricky one. I know a lot of companies that are letting people go because they have lost a lot of money in their investments....and thats where insurance companies make their money.
During a recession the claims departments or the independent insurance adjusters are the ones that benefit and become busy. People are more likely to put in claims when they are tight on money. That small claim seems a lot larger when you don't have money.
I've noticed much larger increases in auto injury claims, casualty claimz (i.e. slip and fall claims) and fraudulent claims. People who normally wouldn't make claims for injuries feel they can make a few dollars from their injury so they take advantage of it. |
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