Survey: Heavy layoffs to continue

[OhioChick]

Source: Central Valley Business Times

June 29, 2009 5:44am

Corporate downsizing is on a record pace through the first five months of 2009 and is expected to remain heavy through the end of the year, according to a new survey by outplacement company Challenger, Gray & Christmas Inc.

The decision to make job cuts in most cases does not bring an end to the challenges facing a company that is forced to enact them, says the report, released Monday at a conference in New Orleans.

And one of the biggest challenges employers must address in the wake of a layoff is keeping the surviving employees engaged and focused.

The survey of human resources executives found that 54 percent consider employee-engagement the biggest challenge that companies face after job-cut announcements. The next biggest challenge, selected by 23 percent of respondents, was easing anxiety over the possibility of additional layoffs.

The results of the survey were released at the Society for Human Resource Management 61st annual conference.

Surprisingly, only 15 percent of survey respondents said ensuring that quality and quantity of output remained consistent, despite having few employees, was the primary challenge.



Read more: http://www.centralvalleybusinesstimes.com/stories/001/?ID=12382

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Nice to see that things are looking up.

[Dr.Phool]

1. Those "green shoots" must be poison ivy.

But, you're right. Some days it's just not worth chewing through the restraints.

[ihavenobias]

2. K & R n/t

[Klukie]

3. Check this out

http://www.forbes.com/2008/11/17/layoff-tracker-unemployement-lead-cx_kk_1118tracker.html

[OhioChick]

4. Damn, well isn't it a good news day?

:sarcasm:

[Omaha Steve]

5. K&R!

Thanks for the post.

[OhioChick]

7. Hope all is well with you, Steve!

:pals:

[bvar22]

6. Lets give another $Trillion to Goldman Sachs & Friends

That will "free up credit and get things moving."


NOW we have Your Children’s Money too !!!
And there is not a fucking thing you can do about it!
Now THIS is “Bi-Partisanship” !
Better get used to it!!
Hahahahahahahahaha!

[CoffeeCat]

8. Yes, give money to the banks!

So they can free up "credit" that no one wants--because they're hunkering down
worried about if they're going to lose their job tomorrow---or if they have lost
their job, they're worried about how they're going to feed their families.

Ohhhhhhhh....sure...so many Americans want to run right out right now and get
loans!!!

What a farce we bought into.

And btw---the banks never used the funds to "free up credit". They never loaned the money
out to anyone--or even tried to go that route.

Geez.

[bvar22]

9. Yes.

They used some of the money to buy up other banks!

Now, they're even TOO BIGGER to Fail.

NONE of the "reforms" proposed by the White House address the issue of Too Big to Fail which is the core root of the problem.

Too Big to Fail continues to be the Holy Grail of US Capitalism.
Too Big to Fail is the Golden Archway to Socialized Losses & Privatized Profits.

[Hawkowl]

12. Propping up the markets

I think it is quite obvious that the "banks" (all the major banks have investment banking/brokerage houses now due to the repeal of Glass-Steagall) have taken a good chunk of our bailout money and used it to speculate in both the stock and commodity markets. They needed to raise a lot of cash fast and if you can simultaneously inflate the stock market AND issue new stock in their own company, they have leveraged our tax dollars to bail themselves out.

This was a lot easier for them to do than the long term, "old fashioned" idea of lending money to businesses and consumers at reasonable rates to grow the real economy. No, America is the land of casino banking! Where investment bankers win the lottery every goddamn year! Of course now comes the bad part. We are just starting to get whisperings in the media about caution, and uncertainty and premature optimism. This means that these institutional vampires are about to short the markets and make a killing out of deflating the bubbles they just created.

[midnight]

11. That's what I suspect they will have to do to keep the bankers

happy. Non of them would have good esteem for working for anything less than 250,000. And their self esteem is more important than keeping working americans employed.

[customerserviceguy]

10. "...keeping the surviving employees engaged and focused."

Wasn't it Samuel Johnson who said, "Nothing focuses the mind like an impending hanging."