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Effect of recession

 
#1 Effect of recession
30/01/2008 11:39

yonex

I have accepted an offer for an entry-level position from a mid-tier strategy firm and am wondering how a potential recession might affect my job. Or will the effect be limited to bonuses?

Also will non-EU nationals on work permits be the first to be affected?

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#2 RE: Effect of recession
30/01/2008 12:10

anon to yonex (#1)

Im in the exact same position and have the same worry....

As new joiners to the firm, are we the first to be cut should it be necessary?

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#3 RE: Effect of recession
30/01/2008 13:40

A Nun to yonex (#1)

Expect some of the following:

Sitting around a lot

Less attractive projects and roles

Little or no choice over projects/roles

Training postponed/budget for training cut/MBA sponsorship programmes suspended, etc.

Salary increases, promotions and bonuses cut

High turnover and low spirits at all levels

People with sales responsibility (managers, partners, etc.) get tetchy and short-tempered

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#4 RE: Effect of recession
30/01/2008 13:59

anon to A Nun (#3)

Ive already experienced the sitting around a lot and not getting on good projects. damn. this sucks

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