Posted to The Age (19/2/2012) on 19/2/2012 at 12:22 PM (Not published by Newspaper)
Commenting on “ANZ recruiting in Philippines as local jobs axed”
http://www.theage.com.au/national/anz-recruiting-in-philippines-as-local-jobs-axed-20120218-1tg3l.html
Just in case some readers are not familiar with the basic accounting equation, profit or loss of a business is equal to income minus costs and expenses. Salaries, wages and superannuation, office rental, utilities, etc are costs and expenses, and since with less people around, the costs and expenses will be drastically cut. The profit will increase even if the income remains unchanged.
Are these CEO’s that smart to come out with these strategies? No, many just spend company’s money to engage consultants to plot against their own people! If part of the CEO’s reward is based on performance, this is the simplest way to make more profit without increasing sales!
How can these people go to bed with a clear conscience every night?
End 2 of 2 Parts
Commenting on “ANZ recruiting in Philippines as local jobs axed”
http://www.theage.com.au/national/anz-recruiting-in-philippines-as-local-jobs-axed-20120218-1tg3l.html
Just in case some readers are not familiar with the basic accounting equation, profit or loss of a business is equal to income minus costs and expenses. Salaries, wages and superannuation, office rental, utilities, etc are costs and expenses, and since with less people around, the costs and expenses will be drastically cut. The profit will increase even if the income remains unchanged.
Are these CEO’s that smart to come out with these strategies? No, many just spend company’s money to engage consultants to plot against their own people! If part of the CEO’s reward is based on performance, this is the simplest way to make more profit without increasing sales!
How can these people go to bed with a clear conscience every night?
End 2 of 2 Parts