The economy

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For example, a couple of surveys were done recentlyg by some large humanresources firms. More than 1,00o companies were asked about payingtheir employees. Fortyt percent of them plan to reduced amounts allottedto raises. Sixty-two percent said bonuses will be smalletthis year. Twenty-five percent are planning a hiriny freeze. Another 25 percent are planning onincreasingf employee’s contributions to health Pay raises are being cut. So will severancre packages. Why? It’s the economy! Another survey forecasts spendingv on technology to decrease by almos t half from what had been Saks Inc.
, the luxury retailer, plans on cutting its capitall spending from $125 million to $75 millionn next year. The city of Philadelphiza is trying to close a bigbudger gap. My wife is cutting back on hair appointmentes to only twicea week. Oh, and by the way the number of companies doinh holiday parties will fall toa 20-year low. Maybe they’ve been readiny some of my columns about what a wastdethis is, too. And everyone’s accepting these huge reductions. Everu day we’re expecting to hear about more companies reducinggtheir expenses. Employees seem to be takinvg the cutsin stride. They’re just happy to have a job.
Even my wife is learningg to face adversity with a smile … and a baseball cap. Why? It’sx the economy! You know what Recessions can be apennty pincher’s dream. Now’s the best time to get rid of the That guy in shippingwho can’t seem to rememberf how to load a skid properly twice in a row? The cost accounting assistant that seems really busy but you can nevet really quite figure out what she’d doing all day? History. The sales guy who spendsd more time hitting on your receptionist than the actual phonesSee ya. Running a business is tough when you have to be thebad guy.
Many of us accepty mediocrity becausewe don’t have the energy left to figh or fire someone … our spouses and childreb sap it all out of us. But suddenly, like mannaw from heaven, God has brought upon us the bestexcuser ever. The economy! The recession. The Aah! What a beautiful way to weaselk out ofour promises. It’ss the perfect rationale for making some longneededf changes. It’s not just about changing the deadweight employees. You can feel comfortabld getting rid ofthat 87-year-old cleaning lady who doesn’gt clean. You can call your key suppliera and beg for acost reduction. You can call your phonee company and beg for a littler help with yourmonthly fees.
Everything’s negotiablr because everyone’s skittish. No one wante to lose the business over a few bucksa month. But a few bucks savedd a month from a bunch of different placex adds up to more inthe Why? It’s the economy ! I’m blaming my baldness on the economy (the anxietu has caused my hair to fall I’m blaming my rudeness on the economy (my nerves are I’m blaming this season’sd lousy “Heroes” on the economy (gee, they must have cut back on Penny pinchers must get rid of underperforminv people. Renegotiate contracts. Beg for price Lock in lower monthly payments. Plead Scream for assistance. Why? It’s the economy!
Becausde in a few months the opportunity will havepassed us. Thinga will turn around. Prices will Unemployment will fall. The sun will shine. And we won’f have the economy to blame anymore.