The economics crisis that is forcing to make the world drop into a deep hole seems nothing but distant rumblings to Zhao Yunan, a 27-year-old female sales executive who works at an exhibition organizer locating in Beijing.
Popularity: 4% [?]
According to the payroll data showed on Nov 5, US companies cut about 157,000 jobs last month, which were more than forecast.
ADP Employer Services said that the drop followed a revised 26,000 decrease in September that was larger than previously estimated.
Risks have started from automakers, financial and housing-related companies to retailers and other services as the Read more…
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As a global recession starts to spread, employees in the west, from bankers to factory staff, face the gloomy future of losing their jobs. For the people facing the same prospect in the East, the suffering comes more from the pay cut.
Human resource experts explain culture differences is the reason for Asian firms’ efforts to preserve jobs in difficult times, which may lead to unemployment or may keep Asian economies up under the situation of slowing exports.
The East culture may also help firms recover quickly from the recession since they will not need to reemploy or train new staff, making a prediction of a Western shift to Eastern thinking pattern.
“In the Confucian mindset, the right thing to do is to share the burden. There’s that sense of collective responsibility whereas in the West, it’s more about Read more…
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