I spend a lot of time listening to the news. Probably more than I should, but I hear about the latest government adjustments to reality.
I hear of all this efficiently of the government by eliminating jobs and can somewhat relate. When companies are over extended and economy changes, downsizing requires cutting back.
Normally, any new project requires more people to perform the task. This requires resources like buildings and tables and computers and wreck rooms and coffee and comfortable chairs and parking spaces and bathrooms for the people to accomplish objectives and earn a paycheck. If the project does not go well, there will be efforts to reduce loses.
The cheapest and less obstructive is the last hired is the first fired. Even with whatever new and creative innovative ideas they brought when hired, all is forgotten to save the mighty dollar.
If anyone is aware, the stock market numbers and the sale of stocks by the corporate executives should tell the story of what is about to come.
A "pink slip" is an informal term for a notice of termination or dismissal given to an employee by their employer.
Being "laid off" means an employee's job is terminated by the employer, not due to any fault of the employee, but due to business reasons like downsizing, restructuring, or economic downturns. This is different from being "fired" which is due to performance issues or violations. When a company lays off employees, it often involves a meeting where the employee is informed of the termination, receives a packet of documents, and may receive severance pay
Yes, you can say "laid off" instead of "fired," but it's crucial to understand the difference between the two and use the term that accurately reflects your situation. "Laid off" generally implies the job was eliminated due to company circumstances, not employee performance. "Fired" suggests termination due to issues with an employee's conduct or performance.
All outstanding wages, including overtime pay and general holiday pay owed are given to those who are ‘laid off’. Pay in lieu of notice of termination, if 2 weeks written notice was not provided. Severance pay if they had more than 12 months of continuous service
A typical severance package offers approximately two weeks of pay per year of service for most employees, with executives often receiving more generous terms. The amount can vary based on factors like length of service, salary, and company policy, but it's generally based on a percentage of the employee's salary.
I wonder all these federal workers getting the axe? Where do they go for new employment? The government has always been a fall back for those with limited talent or skills. Check out the army recruitment requirements.
Anyone who has been ‘laid off’ or ‘fired’ is suddenly and emotionally shocking. Financially difficulties can be immediate apparent (unless there are good savings) without a paycheck. Housing downsizing, eliminating subscriptions, selling additional vehicles, tighter budgeting of groceries are necessaries after the chopping block. Moving may be required to find new employment, which means kids will have to leave school and friends. It is a disruption to normal lifestyle.
Getting an email of termination seems rather inhuman. Without the employee knowledge of any possible elimination of employment, the security passwords, corporate email and log-ins to databases is refused without explanation. Security may just walk up and escort you out the door, removing any identification and corporate equipment. Your belongings will be put in a box and placed on the curb. You’ve been evicted.
I’ve fired people. I had to do piles of documents and meetings to discuss the problems in performance. If the reviews didn’t change the expected results and the employee didn’t get the hint that this job wasn’t for them and voluntarily leave, then a final meeting, accompanied by another manager or human resource personnel, to explain termination and answer questions.
Other employees will notice the missing people and the rumors will be the gossip for social media. Management may call the group together to explain the reason for the elimination of workers as a motivation of what the future holds or may just reassign duties to the survivors. Everyone finds out who is essential when they hand you the scrub brush to clean the toilets.
I was lucky enough to have a face-to-face announcement of employment termination. There were obvious signs of previous layoffs, stock drops and executives leaving. I was told my job had been eliminated and hand over my identification badge. I was given a large notebook explaining termination, given my jacket and bag and escorted out the door. I read all the pages, signed my release form to not sue the company and receive my severance package and pension. I made an appointment to pick up my personal belongings and it was over.
This was the first and only time of receiving a ‘pink slip’ but after almost four decades, I was ready to retire.
Today’s pink slips will have an effect on the future economy and unemployment. Will these new unemployed civil servants be retrained to apply for the new manufacturing factories coming back to the nation to avoid tariffs? Will they reeducate themselves at universities and school under scrutiny to learn alternative intelligence? Will they find jobs with higher salaries or increase the homeless and stress the social charities and taxpayer’s aid?