Comments on: 7 ways companies are cutting back this year http://www.gatherlittlebylittle.com/2009/03/companies-cutting-back/ Proverbs 13:11 - "...he who gathers money little by little makes it grow." Wed, 08 Feb 2012 18:29:01 +0000 hourly 1 By: Maggie Nunevhttp://www.gatherlittlebylittle.com/2009/03/companies-cutting-back/#comment-18982 Maggie Nunev Tue, 15 Jun 2010 11:04:30 +0000 http://www.gatherlittlebylittle.com/?p=1437#comment-18982 Thanks for your article! I was searching for free classified advertising and classified related articles when I came across your website post on Yahoo. This is exactly what I was looking for. Thanks for the share. I've bookmarked this post for future reference :-) Nice post - Cheers Thanks for your article! I was searching for free classified advertising and classified related articles when I came across your website post on Yahoo. This is exactly what I was looking for. Thanks for the share. I’ve bookmarked this post for future reference :-) Nice post – Cheers

]]> By: threadbndrhttp://www.gatherlittlebylittle.com/2009/03/companies-cutting-back/#comment-9311 threadbndr Mon, 16 Mar 2009 15:57:28 +0000 http://www.gatherlittlebylittle.com/?p=1437#comment-9311 No raise, tiny bonus, hiring freeze and fewer temps, more expensive health care. No layoffs in my division yet - keeping fingers crossed. It's rough everywhere. No raise, tiny bonus, hiring freeze and fewer temps, more expensive health care.

No layoffs in my division yet – keeping fingers crossed. It’s rough everywhere.

]]> By: Carnival of Personal Finance#196: Music Editionhttp://www.gatherlittlebylittle.com/2009/03/companies-cutting-back/#comment-9332 Carnival of Personal Finance#196: Music Edition Mon, 16 Mar 2009 11:31:35 +0000 http://www.gatherlittlebylittle.com/?p=1437#comment-9332 [...] out for 7 ways companies are cutting back this year! Gather Little By Little [...] [...] out for 7 ways companies are cutting back this year! Gather Little By Little [...]

]]> By: DDFD at DivorcedDadFrugalDad.comhttp://www.gatherlittlebylittle.com/2009/03/companies-cutting-back/#comment-9331 DDFD at DivorcedDadFrugalDad.com Sun, 15 Mar 2009 04:29:47 +0000 http://www.gatherlittlebylittle.com/?p=1437#comment-9331 Things are tough and getting tougher . . . time to prepare. Here are my ideas for the new environment we are in: Are you prepared for the unexpected? What if you go to work tomorrow and you were laid off? Is your resume updated? Do you have interview clothes? A suit? Is it pressed? Shined shoes? Do you have ideas of where else you might want to work? A competitor? A supplier? A customer? Is your emergency fund funded? Is your network of family, friends, and business associates in place? Do you have a Plan B? Can you and your family switch to emergency mode quickly? Things are tough and getting tougher . . . time to prepare.

Here are my ideas for the new environment we are in:

Are you prepared for the unexpected? What if you go to work tomorrow and you were laid off?

Is your resume updated?
Do you have interview clothes? A suit? Is it pressed? Shined shoes?
Do you have ideas of where else you might want to work? A competitor? A supplier? A customer?
Is your emergency fund funded?
Is your network of family, friends, and business associates in place?
Do you have a Plan B?
Can you and your family switch to emergency mode quickly?

]]> By: Friday Finance Findings for March 13th : Generation X Financehttp://www.gatherlittlebylittle.com/2009/03/companies-cutting-back/#comment-9329 Friday Finance Findings for March 13th : Generation X Finance Fri, 13 Mar 2009 14:01:50 +0000 http://www.gatherlittlebylittle.com/?p=1437#comment-9329 [...] 7 Ways Companies Are Cutting Back This Year - Companies are cutting back, there’s no question about that. But every company is different, and there may be action that can be taken before letting people go. What are you seeing where you work? If your company is cutting back, what are they cutting back on? [...] [...] 7 Ways Companies Are Cutting Back This Year – Companies are cutting back, there’s no question about that. But every company is different, and there may be action that can be taken before letting people go. What are you seeing where you work? If your company is cutting back, what are they cutting back on? [...]

]]> By: Funny about Moneyhttp://www.gatherlittlebylittle.com/2009/03/companies-cutting-back/#comment-9330 Funny about Money Fri, 13 Mar 2009 03:15:55 +0000 http://www.gatherlittlebylittle.com/?p=1437#comment-9330 We haven't had a raise in two years, and probably won't get one for another two years. The furlough day in every pay period amounts to about a $300/month net pay cut for me. If your employer works a deal with the Unemployment Insurance people, it (and you) can participate in the Shared Work plan, whereby you get a day of UI for each furlough day. In Arizona that amounts to a grandiose $48 on a $240 day of gross pay. Hardly worth the headache of applying. But 12 of them amounts to around $575, less taxes, so I guess it can go into the emergency fund. Naturally, we're all thankful not to be laid off. However, the state is now planning another 20% budget cut for the university, which will mean massive layoffs, even of tenured faculty. So those of us who are nontenured or classified don't count on hanging around forever. We haven’t had a raise in two years, and probably won’t get one for another two years.

The furlough day in every pay period amounts to about a $300/month net pay cut for me. If your employer works a deal with the Unemployment Insurance people, it (and you) can participate in the Shared Work plan, whereby you get a day of UI for each furlough day. In Arizona that amounts to a grandiose $48 on a $240 day of gross pay. Hardly worth the headache of applying. But 12 of them amounts to around $575, less taxes, so I guess it can go into the emergency fund.

Naturally, we’re all thankful not to be laid off. However, the state is now planning another 20% budget cut for the university, which will mean massive layoffs, even of tenured faculty. So those of us who are nontenured or classified don’t count on hanging around forever.

]]> By: Kenhttp://www.gatherlittlebylittle.com/2009/03/companies-cutting-back/#comment-9323 Ken Thu, 12 Mar 2009 23:51:12 +0000 http://www.gatherlittlebylittle.com/?p=1437#comment-9323 I have been told no training will happen this next year. I will be taking a 2% pay cut this next budget year. It's much better than a layoff so I will be glad to continue to have a job. I have been told no training will happen this next year. I will be taking a 2% pay cut this next budget year. It’s much better than a layoff so I will be glad to continue to have a job.

]]> By: Trevor @ Financial Nuthttp://www.gatherlittlebylittle.com/2009/03/companies-cutting-back/#comment-9322 Trevor @ Financial Nut Thu, 12 Mar 2009 22:14:42 +0000 http://www.gatherlittlebylittle.com/?p=1437#comment-9322 Las Vegas's economy is really hurting right now, as people aren't have nearly as many big work conventions like they had in the past. And if they do, they keep it more local. Las Vegas’s economy is really hurting right now, as people aren’t have nearly as many big work conventions like they had in the past. And if they do, they keep it more local.

]]> By: KShttp://www.gatherlittlebylittle.com/2009/03/companies-cutting-back/#comment-9312 KS Thu, 12 Mar 2009 20:29:46 +0000 http://www.gatherlittlebylittle.com/?p=1437#comment-9312 Talk about bad economy. Except for the last item my company did all of the above. Further I haven't received a raise since 2006, and on top of that pay was reduced by over 20% just some time ago. And this after several brutal rounds of layoffs. I am glad that I still have a job, but it still hurts a lot. I pray God has mercy on us all! Talk about bad economy. Except for the last item my company did all of the above. Further I haven’t received a raise since 2006, and on top of that pay was reduced by over 20% just some time ago. And this after several brutal rounds of layoffs. I am glad that I still have a job, but it still hurts a lot.
I pray God has mercy on us all!

]]> By: SJhttp://www.gatherlittlebylittle.com/2009/03/companies-cutting-back/#comment-9321 SJ Thu, 12 Mar 2009 18:45:34 +0000 http://www.gatherlittlebylittle.com/?p=1437#comment-9321 On the college front I think less companies are recruiting. It also reminds me of a phd comic with less free food. Luckily, I don't think it's hit too hard yet... I'm glad recruitment costs are affected less. On the college front I think less companies are recruiting. It also reminds me of a phd comic with less free food.

Luckily, I don’t think it’s hit too hard yet… I’m glad recruitment costs are affected less.

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