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Thursday, June 27, 2019

A Rotting Economy Can Spoil Your Goals

One of the worst kept secret is that employees make less on average every year. There are scores of reasons for this.Staying employed at the same company over a period of  years on average is going to make you earn less over your lifetime. Very substantially less - perhaps by as much as 60%. Think average pay rise spans , inflation rates and what has come to be talked about as 'market trends'.What are these 'market trends' ? These are the various ways economies can go - up , down , recessions and bumps and firms seize on these sentiments to cry alarm , declare pay freezes , cancelling bonuses , imposing pay cuts and even worse write out pink slips.Office politics pitch in too on the robbery.

The message here is it doesn't pay to be a sitting duck to sudden scenarios, to be an ostrich or even ascribe divine powers to your employer that they will somehow keep you on the job  or that they'll keep you swinging happily in the firm's hammock garden.

Is There An Option ?