Supply and demand is the name of the game, and these days there's hardly any demand for new cars. Hyundai is responding to this economic reality by getting creative in a way that could appeal to potential car buyers who are concerned about losing their jobs.
The company is offering a walkaway program that allows buyers to return their cars if they endure a life-changing event within one year of purchase.
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I'm a worrywart by nature, and these days more people can identify with that feeling of general anxiety. According to recent polls, 30 percent of Americans are worried they'll lose their jobs.
CNN Money points out that while current and projected unemployment rates aren't the worst we've seen, workers are scared for three main reasons.
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It's hard to say goodbye to laid-off coworkers, especially when you're reminded of your own vulnerability as an employee. Some experts say that the emotional effects on co-workers left after a round of layoffs are similar to the stress felt by workers suddenly laid-off. Layoff survivors are often left feeling like they should be grateful for the extra work and anxiety that comes with a downsized workforce.
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Since mid-September, 29-year-old marketing professional Kelly Kinney has been applying to an average of 40 jobs a day. After hearing from some employers that she's one of 500 other applicants, Kelly took her job search efforts to the next level — she put her resume on the front of her shirt under the straightforward heading "I Need a Job," and put a cover letter on the back of her shirt. Her husband's salary can't sustain the family's cost of living and they've had to dip into their down-payment savings.
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I really wish that I had some good news to report regarding employment, but it's tough to dig up a silver lining when unemployment claims in the US have hit a 26-year high. Many of us have never seen numbers like these in our lifetimes, so let's see how much you know about employment right now. Think of it as an opportunity to brush up on current events.
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Just when we'd all but forgotten about those rebate checks many of us received this Summer, the subject is coming up again now that we are approaching the year's end. Now is the time when many Americans begin to organize their documents for the upcoming tax season — can you believe the April deadline is just five months away? As you are entertaining the idea of filing your tax return, keep in mind that there could be more money headed your way than you'd thought.
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Severance packages are like parting gifts from an employer that say 'sorry things didn't work out.' Forty-five percent of you said you'd volunteer to give up your job if your boss asked for volunteers, and if that were reality you'd be rewarded with a severance package.
Because most companies use their own formulas for determining severance, it's difficult to predict how much severance you'd get should a pink slip come your way.
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It's a troubling time for the publishing industry, and the largest US company of them all, Time Inc., is reacting by cutting jobs from its magazines. Time has asked for 100 volunteers from its editorial staff at a handful of publications, including Time, People, and Sports Illustrated, to volunteer to give up their jobs.
Volunteers would of course leave with severance packages (terms undisclosed to the media).
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Watching a co-worker pack up after being laid off is saddening for those workers that made it through layoffs. Employees across most industries in the US are experiencing this solemn situation, and we should be prepared with what to say when someone we worked with gets a pink slip, so that we don't unintentionally come off as insensitive colleagues. See my tips for how to respond when you're told a co-worker will no longer be on payroll when you .
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I was shocked back in July when 62 percent of you said that you knew someone who had lost a job this year, because at the time I personally didn't know anyone that had suffered a job loss in 2008. The job market has worsened swiftly since the crazy events of this Fall and, unfortunately, I now know many people who have lost their jobs. The change in perspective has me wondering, do you know anyone who has been affected with job loss since September rolled around?
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