Many companies, that are facing global economic recession may have to cut down on their costs. One variable cost that can be saved is the yearly bonuses. Strikingly enough, one company still gives out bonuses to it’s employees.
Canada Post is one of those companies. The news story is here. This is a blog reply to one of our own COMM 101 classmate, Joey Cheung. He is puzzled why Canada Post is willing to shell out tonnes of money to their employees. The problem is with the morale of the company. Many companies are not doing so well because their employees are not getting the remuneration they deserve and so, making the overall productivity of the company to go down. Impacts of such a decreased productivity may result in a loss of customers and loss of market share. CEOs must know that there is also a human side to selling stuff, not just the stuff itself.
And by doing so, Canada Post’s books may not be so great, but what matters is that the people enjoy and respect the company they’re working in. And that in it self is better than random numbers on a spreadsheet.
