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	<title>JerseySmarts.com</title>
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		<title>What&#8217;s Worse?  Getting Laid Off or Cut Back?</title>
		<link>https://www.jerseysmarts.com/2008/12/29/whats-worse-getting-laid-off-or-cut-back/</link>
					<comments>https://www.jerseysmarts.com/2008/12/29/whats-worse-getting-laid-off-or-cut-back/#respond</comments>
		
		<dc:creator><![CDATA[Joe]]></dc:creator>
		<pubDate>Mon, 29 Dec 2008 18:09:18 +0000</pubDate>
				<category><![CDATA[Money, Jobs, & Finances]]></category>
		<category><![CDATA[Colleagues]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Layoffs]]></category>
		<category><![CDATA[New York Times]]></category>
		<category><![CDATA[Nickel And Dime]]></category>
		<category><![CDATA[Predicament]]></category>
		<category><![CDATA[Professors]]></category>
		<category><![CDATA[Time Off]]></category>
		<category><![CDATA[USA]]></category>
		<guid isPermaLink="false">http://www.jerseysmarts.com/?p=2681</guid>

					<description><![CDATA[What&#8217;s worse? Getting laid off from your job or being forced to take a pay cut as well as unpaid time off? This is the predicament that some employees are facing around the country as the economic crisis continues to waffle its way through the American workforce. The New York Times ran an article on [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>What&#8217;s worse?  Getting laid off from your job or being forced to take a pay cut as well as unpaid time off?  This is the predicament that some employees are facing around the country as the economic crisis continues to waffle its way through the American workforce.  The <a href="http://www.nytimes.com/2008/12/22/business/22layoffs.html?hp=&#038;pagewanted=print"><strong>New York Times ran an article on this issue</strong></a> last week &#8211; below is an interesting piece from that article:</p>
<blockquote><p>A growing number of employers, hoping to avoid or limit layoffs, are introducing four-day workweeks, unpaid vacations and voluntary or enforced furloughs, along with wage freezes, pension cuts and flexible work schedules. These employers are still cutting labor costs, but hanging onto the labor.</p>
<p>And in some cases, workers are even buying in. Witness the unusual suggestion made in early December by the chairman of the faculty senate at Brandeis University, who proposed that the school’s 300 professors and instructors give up 1 percent of their pay.</p></blockquote>
<p>How about that, huh?  You have professors willingly giving up 1% of their pay so that their colleagues at the university will not be fired.  That&#8217;s pretty impressive if you ask me.  The article goes on to talk about how about 30% of the professors have opted into this program and it will generate some $100,000 in savings &#8211; enough to save the jobs of &#8220;several&#8221; university employees.</p>
<p>What is interesting here is that unlike in previous economic downturns and recessions, there are some companies that do not want to cut their existing staff because they know that cutting staff will lose talent.  You have to believe that at this point in history, if companies were employing people who were inefficient at their jobs then they would have already been fired.  So what&#8217;s an employer to do when they need to save money but don&#8217;t want to fire anyone?</p>
<p>Send their employees home.</p>
<p>This puts the employee in an awkward predicament.  Do you stay with a job that is finding ways to literally nickel and dime you out of a few percentage points on your annual salary or do you look for greener pastures?  My stance would be to do both.  If your job is sending you home once a week and forcing you in to extended, unpaid furloughs, then you should use that time to find a new place to work, if possible.  Look, your job is already telling you that they value you as an employee and that they don&#8217;t want to lose you by virtue of your continued employment.  If, however, you feel that the reduction in pay is not going to work for your financial needs, then you may as well use the new free time to play the field a bit.</p>
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		<item>
		<title>Going to California</title>
		<link>https://www.jerseysmarts.com/2008/07/26/going-to-california/</link>
					<comments>https://www.jerseysmarts.com/2008/07/26/going-to-california/#comments</comments>
		
		<dc:creator><![CDATA[Joe]]></dc:creator>
		<pubDate>Sat, 26 Jul 2008 14:26:00 +0000</pubDate>
				<category><![CDATA[College & Fraternity Life]]></category>
		<category><![CDATA[Random Entries]]></category>
		<category><![CDATA[Beach]]></category>
		<category><![CDATA[Beer]]></category>
		<category><![CDATA[Colleagues]]></category>
		<category><![CDATA[Convocation]]></category>
		<category><![CDATA[Friendship]]></category>
		<category><![CDATA[Fun Stuff]]></category>
		<category><![CDATA[Long Beach]]></category>
		<category><![CDATA[Opportunity]]></category>
		<category><![CDATA[Sigma Pi Fraternity]]></category>
		<category><![CDATA[TBLWrestling.com]]></category>
		<guid isPermaLink="false">http://blog.thebalrogslair.com/2008/07/26/going-to-california/</guid>

					<description><![CDATA[This Tuesday I&#8217;m heading out to California for the first time ever. The core purpose of the visit is to attend Sigma Pi Fraternity&#8217;s 49th Biennial Convocation (our national convention). It&#8217;s exciting &#8211; I get to see my fraternal colleagues as well as help advocate on behalf of my New Jersey guys. It&#8217;s really fun [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>This Tuesday I&#8217;m heading out to California for the first time ever.  The core purpose of the visit is to attend Sigma Pi Fraternity&#8217;s 49th Biennial Convocation (our national convention).  It&#8217;s exciting &#8211; I get to see my fraternal colleagues as well as help advocate on behalf of my New Jersey guys.  It&#8217;s really fun stuff if you&#8217;re as heavily involved as I am!</p>
<p>I&#8217;m also looking forward to seeing the great Eddie T &#8211; the webmaster of TBLWrestling.com.  Eddie and I have formed a great friendship while he&#8217;s operated my wrestling website, but I&#8217;ve never had the opportunity to actually meet him.  I&#8217;m looking forward to getting a beer with him on Tuesday.</p>
<p>One of my former New Jersey guys also moved out to California so I&#8217;m happy that I get to see him, too!</p>
<p>And, of course, let&#8217;s not forget that I&#8217;m going to be in Long Beach, California.  I&#8217;m looking forward to getting some quality beach time and looking at the lovely ladies that I hear so much about!</p>
<p>Anyway, I&#8217;ll be back in New Jersey and back blogging again starting the following Tuesday, August 5th.  Until then, go back and read some of the archives!</p>
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		<title>Trying to Get Back to Normal</title>
		<link>https://www.jerseysmarts.com/2007/07/18/trying-to-get-back-to-normal/</link>
					<comments>https://www.jerseysmarts.com/2007/07/18/trying-to-get-back-to-normal/#respond</comments>
		
		<dc:creator><![CDATA[Joe]]></dc:creator>
		<pubDate>Wed, 18 Jul 2007 15:41:00 +0000</pubDate>
				<category><![CDATA[Random Entries]]></category>
		<category><![CDATA[Apartment]]></category>
		<category><![CDATA[Colleagues]]></category>
		<category><![CDATA[Loan Portfolio]]></category>
		<category><![CDATA[Monday Morning]]></category>
		<category><![CDATA[Opportunity]]></category>
		<category><![CDATA[Sigma Pi Fraternity]]></category>
		<category><![CDATA[Sleep]]></category>
		<category><![CDATA[Usable Web Solutions, LLC]]></category>
		<category><![CDATA[Workforce]]></category>
		<category><![CDATA[Wrestling]]></category>
		<guid isPermaLink="false">http://blog.thebalrogslair.com/archives/858</guid>

					<description><![CDATA[I&#8217;ve spent the better part of this week trying to get back to &#8220;normal,&#8221; whatever that means. I went back to work on Monday morning and though I believe I&#8217;ve been mostly unproductive, my co-workers and colleagues seem to be glad to have me back. You know that it&#8217;s always tough to have someone out [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I&#8217;ve spent the better part of this week trying to get back to &#8220;normal,&#8221; whatever that means.  I went back to work on Monday morning and though I believe I&#8217;ve been mostly unproductive, my co-workers and colleagues seem to be glad to have me back.  You know that it&#8217;s always tough to have someone out of the office &#8211; everyone else has to pick up their slack and in my business, it means that they have to try to understand what I was doing with my specific loan portfolio.  Not an easy task, but one that my colleagues were more than successful with in my absence.</p>
<p>Condolences continue to come in and I&#8217;m very thankful for them.  I am extremely grateful that I have such caring friends.  It&#8217;s very comforting to know that for both me and my family.</p>
<p>So what is &#8220;getting back to normal&#8221; besides getting back into the office?  Well, I watched a few of the latest summer movie releases &#8211; which will all be reviewed in due time on this blog and JerseySmarts.com.  I also got back to looking for a new place to live since I&#8217;ll be moving out of my apartment at the end of August.  There&#8217;s a slow, aggravating process for you&#8230;</p>
<p>I have not had the opportunity to get back into the gym yet, though I am really looking forward to that day.  The reason I haven&#8217;t been able to get back in yet relates to my sleeping patterns &#8211; they&#8217;ve been terrible for the last 2 weeks (as you could imagine).  I actually got to work an hour late today because I chose to sleep in a little bit; if I had another day in the office today like I did yesterday, it would just be a waste of time.</p>
<p>My Usable Web Solutions, LLC company is on hold for at least another week or so.  I&#8217;m just not ready for the high level of analytical and logical thinking that it takes to design websites.  Soon, but not right yet.  That was also applied towards my contributions to my two wrestling sites, TBLWrestling.com and XHeadlines.com.  Thankfully, both sites are webmastered by competent individuals who are more than capable of handling them in my absence.  There&#8217;s still a lot of work to do with XHeadlines.com yet, though&#8230;</p>
<p>I&#8217;ve got a bunch of blog entries prepared in &#8220;draft&#8221; format that I have to revise before posting so be on the lookout for that.  Many of you know that I spend a good deal of my free time working as a volunteer for Sigma Pi Fraternity.  I have not had the opportunity to get back into the advising mindset for the Fraternity yet, but I plan to do so after I attend Sigma Pi University next week in beautiful Nashville, Tennessee.  I have 2 presentations that I am scheduled to deliver while in Nashville which I think I will be up to doing.  One of them is completely put together and the other is in its final stages.  Wish me luck!</p>
<p>I&#8217;ll be headed back home one day this weekend to spend time with my Mother and brothers.  Before I left at the end of last week, my younger brother and I did a lot of cleaning and purging with my Mom.  Nothing major &#8211; just a lot of the junk that was laying around our backyard and some of the stacks of magazines in our living room.  My Mom has a new vacuum up there and it works wonders on her living room floor so we wound up rearranging the living room after moving all of the pieces so she could vacuum.</p>
<p>Anyway, be on the lookout for more &#8220;stuff&#8221; in the coming days.</p>
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