During economic slow down, management has the upper hand

During this time of global recession management has the upper hand when it comes to salary negotiation, supply is exceeding demand and there are more applicants than there are jobs.

What would you do if your company asks you to take a pay cut or lose your job? Would you be willing to work for less than what you worth? You may have spent a large sum of money in your education and training and to see the company trying to take advantage of you is really defeating.

What to do when your company tries to take advantage of you?

Many people would rather wait for the economy to get better before they quite their current jobs even if they feel they are been taken advantage of. I am really against this approach, although individual cases may very, but I wont put up with a company taking advantage of me thinking I may not be able to find another job if they fire me. Even in these bad times, many companies are looking for good talents and they are willing to pay reasonable pay for good work so look around.

If I have my free will, I would never give my services to a company who, during bad economic times, takes advantage if its’ employees.