Wednesday, August 13, 2008

Layoffs

Today I went riding with the guys at lunch. One topic of conversation that came up was a blog post about the "company" and its competitor. One sentence caused some mixed emotions amongst the riders - [competitor] "is growing faster, has slightly better gross margins, and most significantly better employee morale." And then if you didn't fully grasp the concept of that sentence it went on to say [company] "work-force with a lot lower employee morale." Having worked as well as riding with existing "company" members there were some mixed views on the previous sentences.

What I found more interesting was reading the comments made by a "competitor" employee and their view of moral. This came with a layoff story as well. Reading the thread there were many similarities to what I had observed and or experienced at the company. Regarding the layoff element, they are never fun or expected by the individual. When it does happen to you it is easy to fall into the trap of negativity. However, if you keep in mind the data associated with the economy today of on the order of 1M laid off and more predicted.

With that background, the topic of layoffs was on my mind. I came across some interesting numbers from Denise Palmieri as well as an assessment of the economy. In her commentary on pe HUB, she mentions several large numbers about the macro economic situation and how it may relate personally. Basically, we are all 1 or 2 degrees away from a layoff. She also talks about a Gen-E sentiment (for entitlement and what they are "entitled to" just for showing up).

I have seen the Gen-E mentality growing. I am not sure where it comes from. Maybe it something that originated from the media and what appears to be an "all about me culture" it seems to cultivate. I tend to believe that there is some karma in the world and that some point everyone get's their just rewards. If you work hard and support the team in the end you will be happier. This can take on a monetary recognition, but it can also be as simple as fostering a good work environment.

What price can you put on that? I'd like to hear your thoughts.

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