Pay cut... Would you?
Discussion
http://www.crn.com/it-channel/214502011
UK workforce being asked to accept a 5% pay reduction as uk employment law says they have to get consent.
Would you say yes?
Interesting Quote in the Guardian:
"While the basic pay of senior executives is being cut, they will more than make up any reduction in basic pay by increases in their executive bonuses brought about by reductions in every one else's basic pay."
UK workforce being asked to accept a 5% pay reduction as uk employment law says they have to get consent.
Would you say yes?
Interesting Quote in the Guardian:
"While the basic pay of senior executives is being cut, they will more than make up any reduction in basic pay by increases in their executive bonuses brought about by reductions in every one else's basic pay."
Edited by Scoop940 on Friday 20th February 13:52
There have been redundancies within EDS, lots of them! My wife took voluntary in the new year and fortunately its come up roses for us as she has found a much better paid job. We were discussing this today (I work at a company full of ex-EDS employees) and its certainly an 'interesting' situation.
Slacey said:
There have been redundancies within EDS, lots of them! My wife took voluntary in the new year and fortunately its come up roses for us as she has found a much better paid job. We were discussing this today (I work at a company full of ex-EDS employees) and its certainly an 'interesting' situation.
There are always redundancies at EDS, every 3 months like clockwork for years...mickken said:
Fittster said:
I'd rather there were redundancies and the remaining staff kept at their current pay levels.
That's nice of you....pack you bags, you're sacked.How much would you be willing so see your salary eroded by before you say enough?
I'd lay off everyone else first, although that would be quite scary because I'd actually have to WORK 
for a living again!!!!!!
In all seriousness myself and co-directors will take huge dividend reductions before laying anyone off, a) to keep the company structure intact for the recovery(if it ever arrives), and b) because making good, motivated staff redundant is an horrific experience.
for a living again!!!!!!In all seriousness myself and co-directors will take huge dividend reductions before laying anyone off, a) to keep the company structure intact for the recovery(if it ever arrives), and b) because making good, motivated staff redundant is an horrific experience.
Edited by MaxAndRuby on Friday 20th February 14:02
I work for HP in the UK and we havn't had this yet. Luckily its only US
I'd take it but there would obviously be very badly motivated staff when you start taking money from them.
People will just start doing the bare minimum, putting in sod all effort and doing less hours.
Its a s
tty company to work for as it is.
I'd take it but there would obviously be very badly motivated staff when you start taking money from them.
People will just start doing the bare minimum, putting in sod all effort and doing less hours.
Its a s
tty company to work for as it is.
Was asked to take 10% pay cut start of December last year.
I refused and was adivised few weeks later to take it or basically fk off.
At the end of the day it's better to still have work than be looking for work at present.
Still a major kick in the wallet but i'll survive, just about.
(Strangely i'm overdrawn this month by almost exactly what i've lost in income).
I refused and was adivised few weeks later to take it or basically f
k off.At the end of the day it's better to still have work than be looking for work at present.
Still a major kick in the wallet but i'll survive, just about.
(Strangely i'm overdrawn this month by almost exactly what i've lost in income).
I genuinely like the people I work with. So if someone said to me "will you take a 5% pay cut or we have to make Dave redundant" for instance, I'd take the 5% cut. Assuming Dave didn't want to be made redundant, of course. And assuming Dave has a family to support and isn't a playboy with a large trust fund or mansion he could sell!
Gassing Station | The Pie & Piston Archive | Top of Page | What's New | My Stuff