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	<title>Comments on: Pink Slip Tuesday</title>
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	<description>Simple Practices that Lead to Wealth</description>
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		<title>By: Bret</title>
		<link>http://hopetoprosper.com/pink-slip-tuesday/comment-page-1/#comment-118</link>
		<dc:creator>Bret</dc:creator>
		<pubDate>Wed, 25 Nov 2009 02:46:10 +0000</pubDate>
		<guid isPermaLink="false">http://hopetoprosper.com/?p=1093#comment-118</guid>
		<description>Zud,

Thanks for you comment.

Boy, I know all about low pay and getting taken advantage of.  I have done this a couple of times in my career.  I only recommend this when your company is hurting and they appreciate it.  If you work for one of those greedy, soulless corporations, keep doing it and look to move on.  The reason I say to keep doing it is because it can definitely help you get a better job.  Good companies can afford to be picky and they usually hire the best employees.  If you are a high performer at a lousy company, you are exactly what they are looking for.

As for up-and-down cycles, I know about those as well.  I have worked in IT for decades and I have seen times where head hunters would court me every week and other times when I couldn&#039;t buy a job for months.  When you go through lean times and get little or no raise for years, your company will never make that back up to you in the good times.  But, other companies will be more than happy to pay you what you are worth.  The trick is to really be worth more when you decide to make a move.</description>
		<content:encoded><![CDATA[<p>Zud,</p>
<p>Thanks for you comment.</p>
<p>Boy, I know all about low pay and getting taken advantage of.  I have done this a couple of times in my career.  I only recommend this when your company is hurting and they appreciate it.  If you work for one of those greedy, soulless corporations, keep doing it and look to move on.  The reason I say to keep doing it is because it can definitely help you get a better job.  Good companies can afford to be picky and they usually hire the best employees.  If you are a high performer at a lousy company, you are exactly what they are looking for.</p>
<p>As for up-and-down cycles, I know about those as well.  I have worked in IT for decades and I have seen times where head hunters would court me every week and other times when I couldn&#8217;t buy a job for months.  When you go through lean times and get little or no raise for years, your company will never make that back up to you in the good times.  But, other companies will be more than happy to pay you what you are worth.  The trick is to really be worth more when you decide to make a move.</p>
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		<title>By: zud</title>
		<link>http://hopetoprosper.com/pink-slip-tuesday/comment-page-1/#comment-116</link>
		<dc:creator>zud</dc:creator>
		<pubDate>Mon, 23 Nov 2009 22:30:00 +0000</pubDate>
		<guid isPermaLink="false">http://hopetoprosper.com/?p=1093#comment-116</guid>
		<description>arrived here via len penzo. i like the articles so far, will be reading more.

be all you can be is something i&#039;ve struggled with in the past. i&#039;ve had companies take advantage of me as the go-to guy, or the person who&#039;ll always lend a hand with grunt work, or the one who&#039;ll come in on saturday or stay late. while this may be a desirable position to be in during recession or lay-offs i also feel this has led to me being underpaid during a stable/steady economy. 

if there are lay-offs and the work is spread around to remaining employees i would take on the additional duties without adjustment in pay to show the company i am willing to help out during hard times. however once hiring begins again i feel you should ask for compensation or return to workload commensurate with your pay.

be careful about putting yourself &quot;on sale&quot;, a good company will recognize your additional contribution during hard times, but others might expect it from you regardless of how the company is doing. you may or may not be ok with that. i guess in this post it can be regarded as an insurance policy...</description>
		<content:encoded><![CDATA[<p>arrived here via len penzo. i like the articles so far, will be reading more.</p>
<p>be all you can be is something i&#8217;ve struggled with in the past. i&#8217;ve had companies take advantage of me as the go-to guy, or the person who&#8217;ll always lend a hand with grunt work, or the one who&#8217;ll come in on saturday or stay late. while this may be a desirable position to be in during recession or lay-offs i also feel this has led to me being underpaid during a stable/steady economy. </p>
<p>if there are lay-offs and the work is spread around to remaining employees i would take on the additional duties without adjustment in pay to show the company i am willing to help out during hard times. however once hiring begins again i feel you should ask for compensation or return to workload commensurate with your pay.</p>
<p>be careful about putting yourself &#8220;on sale&#8221;, a good company will recognize your additional contribution during hard times, but others might expect it from you regardless of how the company is doing. you may or may not be ok with that. i guess in this post it can be regarded as an insurance policy&#8230;</p>
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		<title>By: Carnival of Personal Finance #232 Thanksgiving Survival Edition</title>
		<link>http://hopetoprosper.com/pink-slip-tuesday/comment-page-1/#comment-115</link>
		<dc:creator>Carnival of Personal Finance #232 Thanksgiving Survival Edition</dc:creator>
		<pubDate>Mon, 23 Nov 2009 13:06:23 +0000</pubDate>
		<guid isPermaLink="false">http://hopetoprosper.com/?p=1093#comment-115</guid>
		<description>[...] from Hope to Prosper presents Pink Slip Tuesday, A look into how you can prepare for layoffs, and what you can do to protect [...]</description>
		<content:encoded><![CDATA[<p>[...] from Hope to Prosper presents Pink Slip Tuesday, A look into how you can prepare for layoffs, and what you can do to protect [...]</p>
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		<title>By: Black Coffee: My Favorite Blogs, Money News &#38; Opinions #22</title>
		<link>http://hopetoprosper.com/pink-slip-tuesday/comment-page-1/#comment-109</link>
		<dc:creator>Black Coffee: My Favorite Blogs, Money News &#38; Opinions #22</dc:creator>
		<pubDate>Sat, 21 Nov 2009 00:50:41 +0000</pubDate>
		<guid isPermaLink="false">http://hopetoprosper.com/?p=1093#comment-109</guid>
		<description>[...] to Prosper &#8211; Last Tuesday was Pink Slip day at Bret&#8217;s place of employment.  The cuts were deep &#8211; twenty percent of the employees [...]</description>
		<content:encoded><![CDATA[<p>[...] to Prosper &#8211; Last Tuesday was Pink Slip day at Bret&#8217;s place of employment.  The cuts were deep &#8211; twenty percent of the employees [...]</p>
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		<title>By: Bret</title>
		<link>http://hopetoprosper.com/pink-slip-tuesday/comment-page-1/#comment-108</link>
		<dc:creator>Bret</dc:creator>
		<pubDate>Fri, 20 Nov 2009 17:29:42 +0000</pubDate>
		<guid isPermaLink="false">http://hopetoprosper.com/?p=1093#comment-108</guid>
		<description>@Len

Wow, you are definitely a survivor.  I hope things turn around at your company before it gets any worse.  Unfortunately, the government is broke and they seem to be the only ones who haven&#039;t figured that out.

You are right about doing everything right and still getting canned.  This is especially true in bigger companies, where the people making the cuts don&#039;t interact with the employees on a daily basis.

I choose to work at smaller companies where they know you personally.  And, these tips have been really useful to me, while working at a number of declining companies.  Sometimes, you just need to make it through to the next round.  ;-)</description>
		<content:encoded><![CDATA[<p>@Len</p>
<p>Wow, you are definitely a survivor.  I hope things turn around at your company before it gets any worse.  Unfortunately, the government is broke and they seem to be the only ones who haven&#8217;t figured that out.</p>
<p>You are right about doing everything right and still getting canned.  This is especially true in bigger companies, where the people making the cuts don&#8217;t interact with the employees on a daily basis.</p>
<p>I choose to work at smaller companies where they know you personally.  And, these tips have been really useful to me, while working at a number of declining companies.  Sometimes, you just need to make it through to the next round.  <img src='http://hopetoprosper.com/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> </p>
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		<title>By: Len Penzo</title>
		<link>http://hopetoprosper.com/pink-slip-tuesday/comment-page-1/#comment-105</link>
		<dc:creator>Len Penzo</dc:creator>
		<pubDate>Thu, 19 Nov 2009 00:45:46 +0000</pubDate>
		<guid isPermaLink="false">http://hopetoprosper.com/?p=1093#comment-105</guid>
		<description>Sage advice, Bret.  Nobody likes Black Tuesdays (or Fridays, as they are where I work).  We&#039;ve had two Black Fridays in the last three months and another one is rumored to be around the corner.  My department has already shrunk from over 200 to about 65 people. 

Sometimes you can do everything absolutely right with respect to minimizing your chances of getting laid off - solving problems, doing those ugly jobs nobody else will take - and it doesn&#039;t matter.  

Sometimes there&#039;s just nothing you can do because the odds just catch up with you.  I&#039;ve avoided six major downturns in my career over the past 20 years and I have been fortunate so far, although I know my time will eventually come.

My best defense has been, besides working hard and making myself an asset to my employer, to keep my mortgage payment low and my savings high.  I have no other obligations and when the day comes that I finally get the axe, I will at least have a little comfort knowing that I should be able to make it for several years if I have to without having to earn any money at all.

It&#039;s really the only thing we can do to maintain our independence and some modicum of self-reliance when we are working for &quot;the man.&quot;

Great article, as usual, Bret.</description>
		<content:encoded><![CDATA[<p>Sage advice, Bret.  Nobody likes Black Tuesdays (or Fridays, as they are where I work).  We&#8217;ve had two Black Fridays in the last three months and another one is rumored to be around the corner.  My department has already shrunk from over 200 to about 65 people. </p>
<p>Sometimes you can do everything absolutely right with respect to minimizing your chances of getting laid off &#8211; solving problems, doing those ugly jobs nobody else will take &#8211; and it doesn&#8217;t matter.  </p>
<p>Sometimes there&#8217;s just nothing you can do because the odds just catch up with you.  I&#8217;ve avoided six major downturns in my career over the past 20 years and I have been fortunate so far, although I know my time will eventually come.</p>
<p>My best defense has been, besides working hard and making myself an asset to my employer, to keep my mortgage payment low and my savings high.  I have no other obligations and when the day comes that I finally get the axe, I will at least have a little comfort knowing that I should be able to make it for several years if I have to without having to earn any money at all.</p>
<p>It&#8217;s really the only thing we can do to maintain our independence and some modicum of self-reliance when we are working for &#8220;the man.&#8221;</p>
<p>Great article, as usual, Bret.</p>
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