Saturday, May 18, 2013

Cost cutting, Firing and related impacts



It is not new, to hear there has been pink slips in the name of cost cutting, neither it is new to hear that the employee is quitting for a better remuneration.

Employees quit a job because elsewhere they either get paid well, or given higher responsibility or they can grow knowledge or the job is more secure or many reasons or they just don’t like the current job or management.

The flip side of the story is the company sacks a person because they can get someone of the same quality with lesser cost, they bring in new knowledge, the bring more loyal people  or simply the management does not like the outputs from the employee.

But why is employee quitting mostly ends up with “all the best”, and the company sacking ends up “to hell with the management” or many rumours?

If you have been in either of this situation, please share your thoughts in comments.

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