...the excuses like fuel, 9/11 and bankruptsy are OVER! Now we're seeing newsletters each quarter of profits. Fuel may be up, so we charge for those weighty bags. Last quarter, 2010, profits were up $279 million. WHEN DO WE SEE OUR WAGES RESTORED??!! Southwest's top agent pay is $25.71 and next month, October, they'll jump again to $26.25. USairways "top" pay is $20.17. More than $3.00 lower than TEN years ago! Can anyone help? Help us to organize and put an end to this? The airlines simply see that they've gotten away with it! Meanwhile, we're struggling to keep our homes, even eat, and pay for essentials. (Next month Delta and Alaska will also be getting raises, just having negotiated new contracts, while USAirways' "contract" isn't due to be negotiated until 2012, when we'll see results in 2013!) USAirways is the leader in cutting their employees' wages and having no concern whatsoever for us. Teamsters used to have a spine when we were PSA. It's time to put a stop to this treatment!
SEe what is happening in Tirupur regarding the rupee gaining against the dollar and textile industry getting affected. The successful ones have invested in cutting edge technology to improve quality and output. The others simply laid off the employees. They didnt even bother to deliver the goods through innovation. I know its easy to talk big like this. But the writer has given specific examples to prove this. Maybe the big companies with deep pockets can do the innovations and bring in new technology but maybe the smaller companies just have to go in for job cuts.
As correctly said in this article, most of the times strategic failures will be passed on to lower level workers while even moderate success will be attributed to CEOs, COOs, VPs, Heads of the departments etc...
We have seen CEOs of American Airlines was getting big bonus while most of their employees were either getting fired or their pay cheques reduced!!!
In IT industry those big MBAs and IITians are talking about reducing the pay rise attributing it to USD depreciation!!! Who is responsible for exposing your business ONLY with one single market/currency? Is it employees or Sr. Management. How many Sr. Management guys reducing their pay cheques before asking their employees to do the same? Why do we need IITians and MBAs to do this? A school drop out will manage it better.
make habit to buy shares of good companies though you don't have more money. you can invest as low as you wish. buy and keep it for 1 year u will get more money. if your economical backgroundb is good you can play big role. you can contact to any share broker available in your city. If you want to learn A to Z of share market easily there is free website called : "share market plus . com"
The organizations who think by cutting a employee benifits.they can benifit it is the miscanception that management have.The faulty and mismangement of the higher level is what makes a company to lose its market share. and they are not paying a good amount of salaries.In india so many organizations are there they mislead the employees and not give complete information to employees.If this organizations think they can make money by useing faulty tactics.It is there miscanception.
RE:Employee pickets
by john peterson on Dec 18, 2007 07:24 PM
It's time that people start their second source of income. Complete dependence on your main source (salary) can bring you blues, when the companies are in crisis.
Internet has brought a great revolution to get passive income along with your main source. I read this blog at gnaka [dot] com and found how easy it is to make additional income.
RE:RE:Employee pickets
by Sane Guru on Dec 19, 2007 01:21 PM
Dude we are in India here. Maybe in the US you can do more than one job. Here it is not so. Can you suggest something where I can earn extra bucks through internet, etc? drop a mail to calmgroovyguy@rediffmail.com
PC has a new tax, called... "income remaining after all taxes". After all the taxes you pay to govt, if you still have some income left, then the entire income will have to be paid as tax under the bracket "tax on income after tax".
And as you guys guessed, this is only for salaried class, not for business class.
When I read the headline, I thought that it is an advice to the Finance minister. The budget is around the corner and the Finance minister will be ready for tightening the noose further around the neck of the salaried class.
RE:advice to the Finance minister
by rahul on Dec 18, 2007 01:50 PM
Yes, you are correct.. Finance minister always plays his dirty tricks on Salaried class.We are the victims from ages and still dont want us to prosper or increase our incomes.FM puts all types of restrictions on our savings too.. very shameful n painfull tooo.. Also he is very liberal towards traders and companies who evade taxes with lot of loopholes..
RE:RE:advice to the Finance minister
by Manmohan Chandola on Dec 18, 2007 01:53 PM
In fact these are double standards for follow up of rules and regulations for different entities and persons.
Needs a detailed elaboration due to the involvement of various factors. To the best of my konwledge few are -
1. Remunerations as per job profile vs eligibility / qualification and experience.
2. Additiotional payments on behalf of work performances or profitability of the organisation apart from base salaries. Being in losses such things can be hampered.
3. For point no 2 reasons for losses t ascertained accurately i.e. by way of improper planning in any operational or functional domains of organisations, the services or products offered by orgnisation are of competent ot became obsolete etc.
4. Competent and regular payments to competent employees keeps the moral high and meets the pace of business growth and goodwill.
5. Short term gains by way of deduction in employees' remuneration is a narrow thinking which is not substainable in current scenario.
6. There has to be a systematic way of designing payment structures in organisations and above all there has to willingness to pay.
7. The more stringent are rules to get the output should commensurate with the softnes in payments.
8. Human resource valuation and accounting is a value added tool.
RE:Stock Options
by Ajay Sharma on Dec 18, 2007 12:41 PM
Yes, so that PC can find another way to tax the employee .... The UPA only targets the working middle class ... as long as we have PC as Finance Minister, there is NO hope for the Midle Class.
RE:Stock Options
by firoz ahmad on Dec 18, 2007 02:48 PM
atleast he being qualified in what he is doing, is an educated option in the given political class. look elsewhere and u will find urself being taxed by illeterate folks.
RE:Stock Options
by amit rathor on Dec 19, 2007 11:45 AM
if he is expertised in his feild he must work on multiple option of increasing the tax revenue by widening the tax net to the majority of masses or to some new segments being untapped rather than targeting working middle class.
