Word: slowdowns
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Whether they're fair or not, bell curve-like rating systems--which many employees now call rank and yank--have spread in recent years to some 20% of U.S. companies, and the trend is growing. They're particularly handy during periods of economic slowdown like the present one, when employees tend to cling to their jobs rather than retire or change positions. That lowers the normal rate of departures through attrition--which can run as high as 20% of a corporate work force when people feel like job hopping--just when companies are seeking to cut their costs to satisfy...
...course, that might not go over so well on Wall Street. Lincoln has been a public company for six years now, and shareholders might not be tolerant during a pronounced slowdown. As Joseph Maciariello, professor of business administration at Claremont Graduate University, says, "Lincoln puts the employee first, customer second and shareholder last." For the rest of corporate America, that ranking still won't make the grade...
...Whether they're fair or not, bell curve-like rating systems--which many employees now call rank and yank--have spread in recent years to some 20% of U.S. companies, and the trend is growing. They're particularly handy during periods of economic slowdown like the present one, when employees tend to cling to their jobs rather than retire or change positions. That lowers the normal rate of departures through attrition--which can run as high as 20% of a corporate work force when people feel like job hopping--just when companies are seeking to cut their costs to satisfy...
...Washington's largest trading partner, and together they constitute the 500-pound gorillas of world trade. That has meant that ongoing trade spats over issues ranging from bananas to airplane engines have at times bedeviled global trade talks such as those at the World Trade Organization. And the slowdown of the U.S. economy will sharpen the focus on trade issues in Washington's relations with Europe over the next few years...
...Despite fears prompted by the slowdown in the world economy, the outlook on trade relations between the U.S. and Europe is bullish. By resolving the "banana war," Bush administration trade representative Robert Zoellick has proven his ability to overcome some of the difficulties that vexed the Clinton administration's dealings with the Europeans. Despite looming conflicts over issues ranging from U.S. companies basing themselves offshore for purposes of exports to President Bush's call for an investigation into cheap steel being dumped on U.S. markets, the outlook is bullish for the Bush team to get the Europeans to agree...