There are 35 articles on this title. You are reading the article ranked and rated #2 by Helium's members.
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| Small | 64% | 331 votes | Total: 514 votes | |
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Large corporations tend to be cold hearted. Though they may promise great benefits for retirement, they often rid themselves of aging employees before the employee can become eligible for retirement. A great many larger businesses and corporations practice this as it benefits them in several ways.
If the larger business can terminate the aging employee before he is eligible for retirement, they are not required by law to pay retirement benefits or pension plans. They can terminate the employee through what is known as attrition, claiming the position is being eliminated. They can then hire a much younger employee at a considerably lesser pay rate to do the same work. They rename the position the former employee held to cover themselves legally. A great many of these larger businesses are going to the practice of hiring part time employees instead of full time employees to replace those that have been terminated by the company or left of their own free will. By hiring part time employees the companies do not have to offer insurance or vacation benefits, thereby increasing their profit margin even more. They can also work the part time employee over without crossing the line to which they are required to pay overtime pay rates. Therefore, they can afford to work a lot more part time employees than they can full time employees.
When it comes to a large corporation the bottom line is the dollar bill and the employee is just a number. Often to avoid having to use attrition the employee is subjected to extra workloads, demanding bosses, unfair treatment, and a number of other forms of legal harassment in an attempt to get the employee to leave of their own free will if possible. If that fails, they are sometimes framed for errors they did not commit and their employment terminated. This destroys their work record they so desperately need to gain other employment.
You do not normally find such underhanded practices in a smaller business. Normally with a small business everyone is one big family. The employees are usually welcomed each day with a smile and know that the job they do is very much appreciated. The employees are well treated and, provided they do a good job, have employment until they choose to retire. Some small business owners provide retirement funds for their employees. They know the benefit to themselves of keeping a good, reliable and knowledgeable employee familiar with their business and the way they like things to be done.
It would greatly benefit
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