Corporate Profits and Hiring

This article was broght to my attention by my twitter friend @LeahThayer http://nyti.ms/ce6BvE

It is a wonderfully debatable topic. With Corporate profits heading upwards and Unemployment rates still lagging is it fair to beat up corporate America?

If the companies were able to cut payrolls and increase revenue or profits then I believe those CEO's deserve the gratitude of all their shareholders. If they were able to pull the double whammy off then clearly they were running fat and some good people were given the chance to shine and unfortunately some good people were let go.

The statement in the article is "Until we value our workers..." I would venture to say that for those who remain employed their value has risen tremendously. Finding the people in your organization that can make it happen is energizing to the leadership as well as the whole company.

If these companies did not share their success with these people than shame on them and they will not hold onto that superstar for very long.

I will admit that a change has occurred. Materials take longer to get. Phones and questions take longer to get answered. The marketplace is adjusting to this. My days are longer and more challenging, but that just makes me feel like we were cruising on easy street. Everyone was chasing the bubbles and easy money. Very few were actually working hard. I thought we were working hard but it is truly amazing what we are capable of when crisis hits.

I think it is a mistake to drag these companies through the mud when it appears their balance sheets are healthier and the employees who survived are better served by the refocusing of their efforts.

I believe any move to hire people back just because profits are up is an inherent disregard for how business works. Instead they should be looking to reinvest those profits into R&D to find new ways to grow their business.

Could it be, we are entering into a promising period where our ingenuity and drive will transform our country. I see articles all the time about people who lost their job and decided to start their own business. Most had wanted to do it but fear prevented them. Take away the steady paycheck and the fear went away… nothing to lose.

Some amazing things will come from those people and hopefully they will build their companies and be able to hire some of those without a job.