Can you rely on your job? i posed this question to one of my clients. We were discussing the job stability part for Home Loan planning. Based on my experience with my clients, I receive "NO" as an answer from 8 out of 10 clients in their 30's. The ratio is much better for clients in 20's. 70% of the young workforce is assured of their job stability. One of the reason is that young workforce is lower down the corporate ladder and at much lower salary therefore Job Stability is very much assured. As i mention in my previous posts related to the career that an employee is on the radar of an ... Read More
Employee Layoff – The Real Story
Recently Social Media was abuzz with Employee Layoff by one of the IT major. Layoff is not something new in IT industry but this time the scale of Layoffs rattled the IT employees. In new age economy, Job security is on back burner and Layoffs are reality. Even employees are also mentally ready for such kind of events. The biggest proof is new kind of insurance features which secure EMI of loan against Job Layoff. After a month's silence on this subject, IT major issued statement that their "Involuntary Attrition" or Layoff is as per past trends. There is no significant change in the ... Read More