The CEO of my friend's company recently advised all the employees not to expect a salary increase this year. When asked why the CEO responded that 2009 had been a tough year economically and that the competition was not hiring.
This reminds me of the joke about the two hikers who were charged by a bear. While one hiker started panicking the other calmly removed his hiking boots and put on his sneakers. "What are you doing?" said the first hiker, "Sneakers will not help you outrun the bear". "I don't need to outrun the bear", replied his friend, "I just need to outrun you."
Zzzzz...
Of course, the underlying fallacy here is that the bear is only interested in one person (or that all of your competitors are in fact doing worse than you).
ReplyDeleteI wonder who will be the last to laugh at your friends company?
Oh, the laughers were determined long time ago. They have been laughing all the way to the bank in the last 10+ years, and laughing at all the suckers who let them do it.
ReplyDeleteHere's another riddle - which is worse, under-estimating someone or under-valuing them? Both can have equally bad outcomes.
ReplyDeleteFor the "someone", the only way to tell the difference is to test the free-market.
Is it better to be both under-estimated and under-valued? Because then your paycheck makes logical sense?
ReplyDeleteIf your friend's company is who I think it is, their secret agenda is to downsize without compressions. After all, the world is flat and outsource is cheap.
ReplyDelete- BY