Over here Nipuna...!! U tuk time to blame BADLOOSER n ME too!!! :confused: ...!! But not even a single line reply to the postings....!!! Why?? Why finding faults only...!!! Din u think one second as to why none replies and u take time to reply...!!! :( I've posted not to initiate an arguement but to find lots of solutions...!!!
From India, Madras
1From India, Madras
hi arsha,
dont worry its just a bad phase it will end soon i can see u feel strongly for this but there is nothin u can do on a large scale a lot of m,y friends hav been sacked but u know wat they have got new jobs with in lik say 3months. a company doesnot sack u if its goinj thru a bad phase if ur a few talent we must all focus on becomin that instead of a spare for company n truly speakin a lot of mnc are startein operations in asian region in order to lower down their cost of operatin n new projects always recruit. secondly a company sacks mass employees onyl when they recruit in excess of need for future growthy which in case doesnot happen due to market down then theysack stil they dont sack loyal, hardworkin n result oriented employees... its not that bad as wat the media is projectin it to be a lot depends on U.S.A n it wil be better now since obama has come iam sure he'l do somethin worthwhile..
cheers... i hope this lessens ur anxiety if yes do reply,, if no i'l try better next time..:-P
From India, New Delhi
dont worry its just a bad phase it will end soon i can see u feel strongly for this but there is nothin u can do on a large scale a lot of m,y friends hav been sacked but u know wat they have got new jobs with in lik say 3months. a company doesnot sack u if its goinj thru a bad phase if ur a few talent we must all focus on becomin that instead of a spare for company n truly speakin a lot of mnc are startein operations in asian region in order to lower down their cost of operatin n new projects always recruit. secondly a company sacks mass employees onyl when they recruit in excess of need for future growthy which in case doesnot happen due to market down then theysack stil they dont sack loyal, hardworkin n result oriented employees... its not that bad as wat the media is projectin it to be a lot depends on U.S.A n it wil be better now since obama has come iam sure he'l do somethin worthwhile..
cheers... i hope this lessens ur anxiety if yes do reply,, if no i'l try better next time..:-P
From India, New Delhi
Arsha, i just wanted to tell one thing. There is no need to get tensed or excited what people have said. Your frustration about the recession is seen here but nothing is going to happen because of frustration and one more thing is people will reply only if they have any idea about it. Yes you can ask them to reply but as you said word intellectual is not wrong but the way it is used here wrong. Nobody in a professional site is going to non-intellectual discussion until and unless it is needed. So no body is here to blame anybody and we all are here to help each other.
From India, Madras
From India, Madras
Excellent Answer Kishore. you are 100% right, if we do not upgrade our skills, we are like the knife which is rusted. It is very important to save an amount of your salary for the rainy days like this.
Kind Regards
Sree
From United Arab Emirates, Dubai
Kind Regards
Sree
From United Arab Emirates, Dubai
Dear All,
Here s some of the thoughts that I have come across with about the retrenchments,,
1) People should not give up at such a stage as there are still openings in many organizations.
2)There are organizations that are still in full recruitment swing , as markets are down etc They would prefer hiring freshers than experience candidates.
3)those who have lost their job - they need to prepare themself well and come out of the fear and look ahead only,forgetting the past..
4)This recession may not affect India to a very bad extent..It will take a month or 2 for it to go up again..
I hope this was useful..for everyone..
regards
anish
From India, Surat
Here s some of the thoughts that I have come across with about the retrenchments,,
1) People should not give up at such a stage as there are still openings in many organizations.
2)There are organizations that are still in full recruitment swing , as markets are down etc They would prefer hiring freshers than experience candidates.
3)those who have lost their job - they need to prepare themself well and come out of the fear and look ahead only,forgetting the past..
4)This recession may not affect India to a very bad extent..It will take a month or 2 for it to go up again..
I hope this was useful..for everyone..
regards
anish
From India, Surat
<link outdated-removed> ( Search On Cite | Search On Google )
Monday, November 10, 2008
<link outdated-removed> ( Search On Cite | Search On Google )
10 tips to survive a layoff, financially
Prasanna D Zore
Tough people last, tough times don't, right?
And tough times indeed are upon those Jet Airways [Get Quote] employees who were laid off recently and also for others who fear their turn is coming soon.
In times of recession companies do pare their staff strength to improve their profits. They are accountable to their shareholders and stakeholders.
Similarly, if you are a sacked employee or fear that you may get a pink slip in times to come, isn't it time you become accountable to yourself and think what next instead of cribbing about the fate that has befallen upon you?
Here's what you can do to survive your layoff / expected layoff, financially.
1. Negotiate with your employer to get a good severance package.
In the case of the Jet Airways employees it is reported that the company is willing to pay them a year's salary. This can indeed be good news if it is true.
If you too are laid off negotiate aggressively with your employer. After all, you are already sacked and they can do you no more harm. But remember to keep your aggression polite for the same employer may want to hire you when wheels of fortune turn. Never slap an opportunity, ever!
Getting to hard numbers let's assume that a company A sacks 10 per cent of its employees and promises to pay 12-months' salary in advance. Also, let's assume that on an average these employees earn Rs 20,000 per month. This will help them get Rs 2,40,000 in advance. This amount if planned and spent productively can help them cope financially till the time they get another job.
2. If you have a debt of any kind -- home loan, personal loan, credit card payment etc -- make provision for that first from the money that you can squeeze out from your ex-employer. There is no point in defaulting on your debt as it may come to hound you later -- via your credit rating -- when your financial condition improves.
For those who fear a layoff in the near future it would be a wise decision to payoff their dues when the going is good rather than waiting till the last moment. Also, postpone your decisions to buy a home or borrow money for some other purpose.
However, if you are neck deep in debt then it would be better that you seek advice from a debt counselor. Bank of India's Abhay, ICICI Bank's Abhay helps people with financial counseling and how to cope with debt.
3. In the meanwhile, try to search for job, even if on a temporary basis, matching your skills and profile. Don't hesitate to compromise on salary as your topmost priority should be keeping the engine well-oiled so when the real opportunity knocks you can race ahead of the others.
There are Web sites like Jobs On Temp that list a number of temporary jobs available in various sectors. You can also look out for India's best cities for 'temp' jobs in case you are open to moving out from where you last worked or are working right now.
4. Your next priority should be your grocery expenses. You have to eat to survive and be shipshape to go out in search of another job. Visit your nearest discount stores and check who sells your items of daily need cheaper. This exercise may help you save some dimes but if you are laid off or fear a layoff every penny should count.
5. There is no need to tell you that when you are laid off or are expecting the same you should come down heavily on your socialising expenses including outings to hotels, multiplexes, vacations et al.
6. Try asking your parents and friends for some money in case your severance package amount fails to meet your monthly expenses. After all, a friend in need is a friend indeed. Of course, your parents, if they are financially sound, wouldn't think twice about helping you with money. Make it a point to ask your parents first for money. For borrowing money from your friends can sometimes spoil a friendship.
7. If your severance package is good make sure that you keep at least 20 per cent of this money into an emergency fund. Put this amount in a fixed deposit that will earn you at least 7 to 8 per cent post tax. Due to rising interest rates most banks are offering attractive fixed deposit rates. Also, this amount will come in handy in case of any medical emergency. Of course, you will have to forego the interest amount if you withdraw your fixed deposit before the tenure is over.
8. If charity begins at home, cost cutting too should begin from home. Ask your maid to take a break for three months or till the time you find a new job. It is better you start doing your own laundry, utensils and ironing. You may feel a bit odd in the beginning but the amount you will save every month will come as a huge relief.
9. Spend most of your time fine tuning your resume, preparing for interviews, adding new skill sets related to your job profile (at lower cost if possible, but without any compromise) and networking with people (both online and offline). This will not only help you find a new job but also keep you busy and away from any mischief.
10. Finally, don't forget to make a plan about your future as you will have enough time to ponder over your finances and career. Take a hard look at what you would want to do in life and how your career is shaping up. Make sure that such an eventuality should not ever befall you and if at all it does then you should not struggle as much as you struggled during your first layoff.
From India, Hyderabad
Hi Kishore, Wondeful instructions and really these steps to be followed not only on this juncture..but always to keep youself fit in all courses of life.. Great stuff man...
From India, Srikakulam
From India, Srikakulam
It's great after reading the reply....... No one can predict the future things, so it is better to make our lifes in a safer side.......... One should be always proactive to life. This is our life...... we have to enjoy it at any cost..........
From India, Bangalore
From India, Bangalore
:-P Thanks a lot <link outdated-removed> , <link outdated-removed> , <link outdated-removed> ( Search On Cite | Search On Google ) , <link outdated-removed> ( Search On Cite | Search On Google ) !!! These suggestions and views would be definitely be consoling n motivatin to a lot...!!! :icon1:
From India, Madras
From India, Madras
Dear All,
Firtsly, its great knowing that all who have participated in this discussion are genuine in their remarks & they really care which for me is the most important thing. Hats Off....!!!
Now coming to the discussion point I feel Kishore & Navin have been very comprehensive & precise in their explanation. The need of the hour is certainly to remain optimistic & not only now but always. Though we all hope & pray that we experience better times ahead but even with further crisis we should not disintegrate & trust in our capabilities & most importantly ourselves.
Guess, all of us can facilitate that fact & induce confidence in every demotivated individual we come across. This I am certain we all will do which would be an effective need of the hour...
Cheers,
Deepak...
Firtsly, its great knowing that all who have participated in this discussion are genuine in their remarks & they really care which for me is the most important thing. Hats Off....!!!
Now coming to the discussion point I feel Kishore & Navin have been very comprehensive & precise in their explanation. The need of the hour is certainly to remain optimistic & not only now but always. Though we all hope & pray that we experience better times ahead but even with further crisis we should not disintegrate & trust in our capabilities & most importantly ourselves.
Guess, all of us can facilitate that fact & induce confidence in every demotivated individual we come across. This I am certain we all will do which would be an effective need of the hour...
Cheers,
Deepak...
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