Home for the holidays takes on a whole new, depressing meaning when businesses layoff employees during December. advertisement advertisement Losing your livelihood during the “happiest time of the year” is pretty awful for employees, so why would a company be so Scrooge-like? We asked several HR professionals to weigh in on whether or not it’s acceptable, or advisable, to conduct layoffs during the holiday season, and if so, how to do it compassionately. They had a lot to say. Why Companies Conduct Layoffs During The Holidays The vast majority of organizations run on a calendar year budget, explains Steve Spires, a managing director of outplacement solutions with BPI group, and year-end coincides with the need to achieve year-end numbers. “Business cycles are agnostic, and focused on results without bias, emotion, nor sentimentality,” says Jason Hanold, managing partner at executive search firm Hanold Associates. Because companies may want to … [Read more...] about Fired For The Holidays: Is It Acceptable For Businesses To Downsize In December?
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For shippers, this is a make-or-break week. The last workweek before Christmas is traditionally their busiest of the year. As holiday gifts urgently make their way around the globe–with more than ever being ordered online, and more than ever being sent last-minute–business is very, very busy for shipping companies. In fact, it’s never been busier. advertisement advertisement This month, the United Parcel Service and FedEx, the two global shipping behemoths, expect to handle a record-breaking 900 million packages, which comes out to about three presents each for every man, woman, and child in the U.S. All that business, of course, requires some extra not-so-little helpers. Last week, UPS announced that it expects to hire 90,000-95,000 seasonal workers in order to handle the Christmastime surge, and to avoid the late deliveries that plagued its customers and those of rival FedEx last Christmas Eve. For its part, FedEx announced that it would be hiring 50,000 … [Read more...] about “I Feel Exhausted”: How The Mailman Is Struggling To Keep Up With Free Shipping
Kids have an insatiable appetite for knowledge and an unapologetic curiosity for all things new and misunderstood. When they don’t know the answer they actively seek the truth. They have a natural humility without posturing, pretense or ego wrapped up in their questions; they fill up their knowledge bank by being open. advertisement advertisement Whenever I’m in the car with my 6 year-old daughter, she bombards me with “Why this Daddy, why that Daddy?,” and if she doesn’t understand how or why something works, from the simple to the complex, she has no hesitation asking. It’s amazing how the power of asking “Why?” and the conversation that follows always lead to a deeper discussion around the subject and clarity. Don’t be a know-it-all. Young children are like sponges, full of optimistic curiosity that fuels their confidence to be creative. But as they get older, they lose that magical openness, and, for many, the … [Read more...] about How Childlike Humility And Curiosity Can Inform, Inspire, And Unlock New Ideas
Shares of PSU banks rallied 1-9 percent on November 15 after the Supereme Court delivered its verdict in the Essar Steel case. SC has set aside the NCLAT judgement, saying the ultimate discretion on distribution of funds is with Committee of Creditors (CoC) which is completely favourable to lenders.The Committee of Creditors (COC) consists of banks.The Nifty PSU Bank index climbed 3.7 percent to 2,466.85 as Central Bank of India, SBI, Bank of India, Syndicate Bank, Canara Bank, Indian Bank, PNB, Oriental Bank of Commerce, J&K Bank, Bank of Baroda, IDBI Bank, Union Bank and Allahabad Bank gained 1.6-9 percent at the time of publishing this copy.Close The apex court has held that it is the bank's decision to maximise the value of he corporate debtor and added that the CoC should also balance the interests of all stakeholders. related news Sterling & Wilson Solar locked in 20% lower circuit after promoters revise loan repayment schedule Prime Focus share locked in … [Read more...] about SBI, PNB, Canara Bank, Syndicate, BoI, CBI rally 4-9% after SC verdict on Essar Steel
Essar Steel lenders, who have been counting on recovery of dues from the troubled company since past several quarters, can finally breathe easy as the Supreme Court ruled in the favour of Committee of Creditors (CoC) in a landmark judgement on November 15."CoC supremacy has been upheld. I don't think there is a need for CoC to be meet again. The CoC had already made the decision. I expect the process to take the normal course and move forward as the SC has given its judgement," State Bank of India (SBI) MD Dinesh Kumar Khara told Moneycontrol.SBI, which had the highest claim of Rs 13,226 crore, had fully provided against its exposure to the troubled steelmaker. The lender expects to recover around Rs 12,000 crore from the account, Khara said.Close As per the CoC decision, other lenders like Punjab National Bank, ICICI Bank and Union Bank of India would receive Rs 2,701, Rs 2,110 and Rs 1,952 crore respectively. related news Govt’s new 330-day deadline may not ease … [Read more...] about Essar Steel case: Banks cheer SC ruling, expect faster resolution in other cases