Economic depression and the common employee
The economic depression that has gripped the whole world now, continues to worsen with each passing day. The stock markets are down, the economic indicator graphs like GDP, IIP, etc are all on their way south. Each day we come across numerous headlines of job cuts in the companies, companies freezing the pay hikes of their employees, withholding spending on projects and embarking on massive cost cutting exercises. In short, the companies that were so bullish till yesterday are on the back-foot now and trying to devise survival strategies to keep themselves afloat. One has heard of a reputed steel company in India, barring all “common-folks” of the company from travelling by air during any official work. Restriction on mobile bills of the employees is another option being used to beat cost increases. Then I heard one of my friends and head of a new business venture of a company making a passionate plea in front of the promoters of his business group that the only way of saving the compa...