It appears that Monster.com’s legal woes are impacting their bottom line. They are laying off 800 employees. From the Pioneer Press’ Monster to cut 800 jobs: Monster, which has been grappling with an investigation into its stock-option granting practices, said second-quarter operating expenses swelled by 34 percent, largely because of higher legal fees and severance payments. Profit fell 28 percent in the quarter, even as sales rose. Good lesson here – businesses grow on profit, not revenue. That should be obvious, but we still talk to salespeople who seem unaware of this truth.
Continue ReadingThe Unacceptable Acceptance
CNNMoney.com has an article that really tweaked me this morning – Help! I accepted a job – can I change my mind? The article is the standard reader mail format with some good advice in the answer section. An offer letter – which is usually a brief document describing your position, duties and compensation – is generally less binding than an employment contract – which goes into much more detail and usually states how much notice you must give if you decide to quit. … So just be honest and say, ‘I’m sorry, but my dream job opened up and I really feel I have to take it.’ Most often… Read More
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