I know there are few people who are waiting with baited breath for this post, and others who just don’t care enough to hear it, but will stick around to read this anyway. I know who you are—I can see your I.P. address, so anonymity is very limited. But please feel free to read the post and give me some feed-back; I’m all ears!
It has being three weeks since the “big split,” or the loss of what seemed to be 80 percent of the business. But that is the only changed as far as the frequency of business transactions goes because what was given up on the residential side, as far as the warehouse and office departments goes, the commercial side has taken over and filled that void. What I see now is more highly specialized orders, both coming and going from the warehouse and office, and this really changes the dynamics of what I was used to seeing in my position in the company.
Among all of this chaos, I was asked from another employer if I would be interested in taking on a full time position with them, but I declined because of the distance I would need to commute and the wages were not that much more compared to now. Where I am now, I am comfortable with the wage, and more so with the hours as I’m still working on a part time bases. I figure that the economy is still topsy-terby, and the second wave of the economic downturn has already started to hit, so I estimate the recovery will be as late 2012. Working part time has its advantages, such as a super low tax to income level. Yes, I know that sound really weird in terms of Western thinking, but in my position—less is more. Plus my quality of life has risen hugely while others I know are working feverishly but are getting hurt with inflation and higher taxes—not mention no time for their families.
The employer is unusually stable considering what has happened in the last six months. With the loss of the main account, speculations were based on how much revenue was involved in that account with residential serves, but as I have just learned, the new adjusted account was only a decrease of 60 percent, not the 80 percent that I thought it would be. This has made the dominant company who took over the accounts very dissatisfied because they are falling short on revenue and have indicated that once the time period of the agreement expires, three years, we will take the remainder of the account. However, in typical Canadian fashion, they could in essence just stop the agreement and head froward into court to sour the profits, then pick up the pieces after the collapse. What I see as the hold-back to the dominant company breaking any agreement is that they too are working on the shoes-string budget, so they may not survive the litigation.
On my side, the buzzword is specialization. This means more to having the equipment than those who have the skills. The trades people seem to be in a position of moving back and forth, following the money, so if you have the equipment, then you have the jobs. We seem to be more dedicated to the large commercial scale jobs than any other facets of the industry, which also leads to a yield of more profit to labour ratios. This seems to be well beyond the capabilities of the “take-over”company which is still building their infrastructure.
I actually like the transaction that is taking place because there is no longer any dead time, or general labour duties. There is always something to do now, and most of it clerical work now. It is better than sitting around watching the paint peal. I can say that the change has being a positive one, for me at least, but not for the rest of the company. We did have a lay-off rate of almost 50 percent of our work force, so there are a lot of people who did get screwed because of this rescission.
Oh, one more thing. Just about everyone I know who is working or had worked for the company, it seems is being audited by Revenue Canada. I thought it was because of the new government’s commitment of clamping down, but it appears that the company itself is getting audited because of the loss/lax accounting and payroll practises. I was assessed, and as a result of this my GST pay-back cheque will be delayed until possibly October.
So keep watching your money, avoid debt and avoid unnecessary spending—those ads are scientifically designed to lure you into over spending—don’t do it—you’ll be sorry. You don’t need a SUV right now!