Quote:
Originally Posted by Steve
At my company, we actually do know those things.
We know what our annual budget is, we know what the cost to produce our products is, we know what the cost to pay the roughly 450 employees is.
Last year, for the first time in the comany's history (30+ years at that point), employees didn't get Christmas bonuses, and some 40 people were shown the door, including some long-time employees.
We had a bit of a management shake up, and the first two quarters of this year have been, by far, the most profitable Q1 and Q2 the company has ever seen...
|
I do the same, every month I release both revenue and margin numbers.
I think it is unfortunate that all companies do not do so.
However what you may not be seeing is how your line performs across the whole...meaning your particular area may be doing fine...but as a market, is it in decline - this is how some people are blind-sided - they see that their area is making good money, but do not know that the product as a whole is suffering - and they get a rude awakening when the company shifts priorities. (not saying of course yours in particular)
I tell people to look out for any of the below that are beside obvious signs.....
1) Capital spending is down
2) Much needed equipment is not being replaced
3) Changes are occurring that seem to defy logic (what you don't know can always hurt you)
4) Outside consultants appear
5) A Senior management member suddenly "retires"
6) Inventory is down, and their seems to be no urgent action to replace it.
7) You are being told "there are no planned layoffs right now" when there seems like there should be.