Down-Banding – Are you at risk? – Your Options
Less pay or no job. Which option should you go for? Neither of them seem very impressive. In this current climate, many people have found it very difficult to find a job that really suits them or that they enjoy doing – as a Sunday Times report found.
What is Down-Banding?
Down-Banding has been used for a while, but it has only just now become a popular way for employers to save money, while keeping their employees in post. In April 2012, the BBC reported (Video Here) that employers say Down-Banding makes good business sense. They keep their staff, who they have already invested lots of money on from day one, starting with their induction and all the ongoing training that is provided. If employers just started making employees redundant, left, right and center, they would lose a lot of their investment. When the remaining staff then start looking for another job because they are unsure about their job security, the employer can suffer greatly, because they will then have to invest some more of their profits – if any – on new staff.
Down-Banding gives employers another option to keep their business going by giving their employees an option.
Are you at risk of Down-Banding? Have you received a letter or memo from your employer saying that Down-Banding will be introduced?
There are other options available
A very popular one for worried employees are to start their own business, working it part-time around their full-time job. Many, many people already have an extra job, some with even 2 or 3, just to keep their head above water.
Please let me know if you have been affected by Down-Banding by commenting below.
Have a fantastic day
The Secret to Business Success – Plus Free Book
The secret to business success lies in the following 8 guiding principles.
- I – I believe in myself
- B – Be Passionate and Wanted
- E – Extend Your Comfort Zone
- L – Lies and Luck do not work
- I – Install Goals
- E – Enjoy Hard Work
- V – Very, Very Persistent
- E – Expect Failure
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The Bank Account Of Life
Imagine there is a bank that credits your account each morning with £86,400.
It carries over no balance from day to day.
Every evening it deletes whatever part of the balance you failed to use during the day.
What would you do?
Draw out every penny, of course!!!!
Each of us has such a “bank”. It’s name is TIME .
Every morning, it credits you with 86,400 seconds.
Every night it writes off, as lost, whatever of this you have failed to invest to good purpose.
It carries over no balance.
It allows no overdraft .
Each day it opens a new account for you.
Each night it burns the remains of the day.
If you fail to use the day’s deposits, the loss is yours.
There is no going back. There is no drawing against the “tomorrow.”
You must live in the present on today’s deposits.
Invest it so as to get from it the utmost in health, happiness, and success!
The clock is running.
Make the most of today.
To realize the value of ONE YEAR….ask a student who failed a grade.
To realize the value of ONE MONTH…..ask a mother who gave birth to a premature baby.
To realize the value of ONE WEEK……ask the editor of a weekly newspaper.
To realize the value of ONE HOUR……ask the lovers who are waiting to meet.
To realize the value of ONE MINUTE…..ask a person who missed the train.
To realize the value of ONE SECOND….ask a person who just avoided an accident.
To realize the value of ONE MILLISECOND…..ask the person who won a silver medal in the Olympics.
Treasure every moment that you have!
And treasure it more because you shared it with someone special, special enough to spend your time. And remember that time waits for no one.
Yesterday is history.
Tomorrow is mystery.
Today is a gift.
That’s why it’s called …. The Present!!