because it would ensure that their staff
remain productive, perform well, and are
positive when coming to work daily, initiate
and nurture sound client and colleague
relationships, where the end result would
only be beneficial to the company. After
all, the success of any company is totally
dependent on the performance of their
employees!
Employers who intend to cut back on staff
allowances, incentives and other benefits
included in staff packages should also
be very aware that these crucial changes
that they decide upon in a day and then
institute the following week, induces an
immediate crisis situation in personal
lives.
Naturally people must prepare for
drastic financial changes, also possibly
ascertaining the viability of remaining with
- their current employers and not seeking
alternative employment for improved
remuneration. They may have received a
far better offer that they declined recently,
because they felt they were obligated to
be loyal to their current employer. There
are many employees who are loyal, but
the emotional impact of retrenchments,
terminations, cut backs on remuneration
and all these negative aspects can crush
anyone’s will to conquer adversity if they
are unprepared.
Psychologically if a person is heavily
indebted whether self-inflicted or not,
it will always have an adverse effect,
but very few employers hold that form
of empathy because as they say, it was a
business decision. Yet, the entire business
experienced growth and a sound reputation
due to the joint efforts of employees,
because without them, the business would
never have grown, improved or existed.
The human aspect is, therefore, almost
never considered and it will take many
years before this mind-set is changed to
what we can term as acceptable.
Consideration is the primary key because
if that person is middle aged, or elderly
then they have planned a savings scheme,
pension and retirement annuities where,
if they lose their job, they can no longer
service these major commitments and so
the end value is substantially reduced and
they simply lose overall with no way of
recouping the lost funds.
Hence, although perceived as a small issue,
just to reduce staff, sometimes it is not that
simple as the impact could be huge, so all-
Carrying a lot of debt can wreak havoc on one’s
personal life, and it can also have an impact on
your work life. From limiting the kinds of jobs
one can accept to influencing how their employer
views them, debt can create many kinds of chal-
lenges in the workplace. Being proactive about
one’s debt can save them from all kinds of has-
sles on the job, and brighten their job prospects
as well.
round there is a tremendous amount of
awareness that must be created.
Many companies enforce a stringent
policy pertaining to their staff affording
themselves of loans, credit cards and
other credit facilities, but there is a limit
to which a company can control their
staff actions, because the company is not a
guarantor in any one instance.
So the bank is not bound to refuse
approvals for an employee, irrespective
of whether that employee must secure a
salary letter to qualify for the facility. Of
late, some companies have enforced a
stringent policy on the issuance of salary
letters, which is a good i