President Barack Obama’s stimulus plan should work in restoring some health to the beleaguered USA economy.
However, sacking employees in large numbers is detrimental to the business that companies/employers are trying to save. It is almost becoming fashionable to be pessimistic and sack staff. The most valuable assets of any company are its employees. The salary/wage component of any company ranges from 4-10 per cent of it sales, depending on the business. So, termination of employees is not problem-resolving. The talents and skills of employees should be used to diversify, expand, enter new markets and evolve new products.
Rajendra K Aneja, Dubai
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