No matter how bleak your own situation is, when you see senior citizens charged with robbing banks, as is the case with an elderly New York executive with a home in the suburbs, you know times are tough. Police aren’t saying what allegedly prompted 71-year-old financial advisor Edward M. Solomon — described as a devoted grandfather, good neighbor and valued employee – to rob a Peekskill bank of $5,900 in cash.
Almost three out of four human resources professionals predict that deep job cuts will continue throughout the first quarter of this year and are pessimistic about overall job growth, according to a new survey by the Society for Human Resource Management (SHRM). The data shows that no job is immune from being cut in the current recession.
There’s a lot of talk these days about surviving – from a tough economy everywhere to a plane crash in New York’s icy Hudson River. In his new book, The Survivors Club, author Ben Sherwood gets into the realm of who survives and thrives: who bounces back from job loss and who gives up, who adapts to a vanishing 401K and who hides under the covers?
When employees at a pancake house in Muskegon, Mich. noticed that traffic was down a bit, they found a way to give the owner a break: for one day they worked only for tips. The idea was the brainchild of lead server Mary VanDam, who asked her co-workers if they might be willing to work a shift without wages to help out owner Dave Barham, according to The Muskegon Chronicle.
Sprint Nextel plans to eliminate 8,000 positions by the end of March. The move will help the wireless provider save more than $1 billion a year in labor costs. The company also plans to suspend 401(k) matches and extend a suspension of annual salary increases through the remainder of the year.
I don’t take working from home for granted. Actually, with so many businesses cutting staff, I don’t take working for granted at all. I am grateful, but what I appreciate more is that I can make a living doing what I love. I think of this often when I see people who are miserable at work.