Posted on November 10, 2009 by totaltrust
Organizational downsizing has other negative effects that are not always very visible. For example, today’s Wall Street Journal profiles several laid-off individuals who have had to rely on their severance packages and savings while they seek reemployment:
SILVER SPRING, Md. — Paul Joegriner hasn’t worked since March 2008, when he was laid off from his $200,000-a-year [...]
Filed under: Careers, Downsizing and Layoffs, Potpourri | Tagged: cost of living, downsizing, household budgets, job loss, layoffs, planning ahead, sacrifices, savings, severance | 1 Comment »
Posted on November 19, 2008 by totaltrust
In our published research on how to downsizing effectively and in ways that preserve morale, one of the issues we didn’t think about tackling was the need for individuals to diversify their pensions and other savings well before any downsizing effort took place. I guess we just assumed that people diversified their savings as part [...]
Filed under: Finance and Financial Management, Risk | Tagged: 401-Ks, Citigroup, downsizing, financial management, layoffs, motivation, pensions, personal finances, risk management, savings, stocks | Leave a Comment »
Posted on January 24, 2008 by totaltrust
An interesting column in today’s Wall Street Journal by Terri Cullen reminded me yet again as to why I call Karen the “Budget Officer.” I’m a spend money to make money person, and Karen is the frugal, disciplined one when it comes to spending. (We both have agreed to continue to spend money [...]
Filed under: Interpersonal, Parenting | Tagged: consumption, household budgets, instant gratification society, marriage, savings, spending | Leave a Comment »
