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As employers push efficiency, the daily grind wears down workers
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<blockquote data-quote="Catatonic" data-source="post: 1118476" data-attributes="member: 7966"><p><strong><em>An unfortunate sign of the times:</em></strong></p><p><strong><em></em></strong></p><p><em>Although the economy is improving, companies are still squeezing labor costs to contend with global competition and boost profits, aided by an array of technologies and management strategies.There are exceptions, especially in knowledge-based industries where talent is scarce. In California's Silicon Valley, technology companies try to retain software engineers with an ever-increasing array of benefits.</em></p><p><em></em></p><p><em>“If you're a highly skilled employee with highly marketable talents, they're going to pay dearly for you. But if you're a relatively fungible person, with nothing that separates you from anybody else, the risks and costs have been shifted to you at a dramatic rate,” said Rita Gunther McGrath, a management professor at Columbia University's business school.</em></p><p><em></em></p><p><strong><em> So<em>me </em>food for thought </em></strong></p><p>Tough as they may be, those measures have allowed people like Roman and Weber to continue earning paychecks while many of their neighbors are sitting home unemployed, the firm contends.</p><p>“Generally, the business had been run the same way since its inception,” said Tim Meyer, a Gores Group executive. “It became clear that as the market began to soften, what was in place was not a sustainable business model.”</p><p>“Sometimes you have to make dramatic changes to save the jobs that you can,” he said.</p><p>Businesses are encouraged to keep fixed costs, such as labor and rent, as low as possible. That has paid off: The amount of profit companies make per employee has risen 34% since 2004, according to financial analysis firm Sageworks.</p><p></p><p><strong>This "unsustainable business model" has been the talk around Corporate UPS for at least 5 years and why many are selling their UPS stock to reduce their risk.</strong></p></blockquote><p></p>
[QUOTE="Catatonic, post: 1118476, member: 7966"] [B][I]An unfortunate sign of the times: [/I][/B] [I]Although the economy is improving, companies are still squeezing labor costs to contend with global competition and boost profits, aided by an array of technologies and management strategies.There are exceptions, especially in knowledge-based industries where talent is scarce. In California's Silicon Valley, technology companies try to retain software engineers with an ever-increasing array of benefits. “If you're a highly skilled employee with highly marketable talents, they're going to pay dearly for you. But if you're a relatively fungible person, with nothing that separates you from anybody else, the risks and costs have been shifted to you at a dramatic rate,” said Rita Gunther McGrath, a management professor at Columbia University's business school. [/I] [B][I] So[I]me [/I]food for thought [/I][/B] Tough as they may be, those measures have allowed people like Roman and Weber to continue earning paychecks while many of their neighbors are sitting home unemployed, the firm contends. “Generally, the business had been run the same way since its inception,” said Tim Meyer, a Gores Group executive. “It became clear that as the market began to soften, what was in place was not a sustainable business model.” “Sometimes you have to make dramatic changes to save the jobs that you can,” he said. Businesses are encouraged to keep fixed costs, such as labor and rent, as low as possible. That has paid off: The amount of profit companies make per employee has risen 34% since 2004, according to financial analysis firm Sageworks. [B]This "unsustainable business model" has been the talk around Corporate UPS for at least 5 years and why many are selling their UPS stock to reduce their risk.[/B] [/QUOTE]
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