Feb 19 2009
Is Your Company in Trouble?
So many companies are having trouble surviving and this is even more difficult in places like the northeast, where manufacturing is floundering and taxes as well as wages are very high.
How do you know if your firm is financially struggling? If they are having trouble paying their bills, often word of this does get out to the employees. If there are any payroll “glitches” and paychecks cannot be cashed as normal, this could be a sign of very tight cash flow.
A company that is usually communicative with employees and suddenly gets real quiet, may be in a financial downturn. When the business slows to a crawl and calls are not coming in, sales people are not making their numbers, you should be concerned.
Save some money now, for a rainy day that may come sooner than you thought. You may also want to get your resume up to speed.
