Word: firm
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Dates: during 1990-1999
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Layoffs and firings seem to be the handiest solution for other companies too. "Companies no longer wait to ride out the tough spells," says John Challenger, CEO of Challenger, Gray & Christmas, a Chicago outplacement firm. "They practice just-in-time firings." At chipmaker National Semiconductor, managers voice the optimism of those who feel they have reached the bottom. "We've taken fairly severe actions," says chief financial officer Don Macleod, pointing out that the company cut 1,400 employees in April through attrition and layoffs--10% of its work force --even before posting a loss for the quarter. "Our business...
Another virtue of creative benefits is that a company need not be a multinational giant to offer them. Take the case of Russell, Karsh & Hagan, an 11-person public relations firm in Denver. Employees are allowed to donate public relations work to their favorite charities--on company time. Over the past year, the firm has donated pro bono p.r. expertise to eight charities, says managing partner Charles Russell. In 10 years of business, only one person has left for another company, he says. "The company cares about what is important to me personally," says accounts supervisor Meghan Dougherty...
...attractive lures in the current economy. Sometimes they give employees the chance to develop the idealistic side that earlier generations felt constrained to repress when they put on a business suit and tie. Bonnie Weisner, 34, a senior consultant at PricewaterhouseCoopers in Fort Lee, N.J., took advantage of the firm's flextime policy because she wanted to pursue an outside interest--becoming an emergency medical technician with a volunteer ambulance corps. In September she took a 40% pay cut and went from a 55-hr. workweek to a 24-hr. workweek at the consulting firm. She spends the rest...
...Students can also come down to the OCS," she urges. "We have binders full of company contacts, of Harvard alumni at these companies willing to speak to undergraduates. A lot of these alumni are also the firm contact people involved in the recruiting process, so it's often a good way to get information...
This month, the HSA board of directors will try to do just that, based on a report on HSA's corporate structure and finances by Technical Development Corporation, a Boston consulting firm...