Pay Cut - other benefits 1

[graduatequestions]

We are being asked if we would consider pay cuts as part of the effort to avoid redundancies - obviously they can't force us to as our wages are part of our contract, and its not even us necessarily at threat in the redundancys.

I don't mind taking a pay cut in terms of hours worked but its been made clear hours will remain the same (i.e. its a rate cut)

Have other people taken cuts in their workplace to avoid redundancies?

What other benefits are there that I could wrangle into any negotiations to soften the blow? At the minute I can only think of Flexitime and working from home a set number of days a month or something...i dunno just mulling it all over and thought id see if other people had found themselves in a similiar quandry!

 

[cvg]

since the current inflation rate has dropped to just 0.09% and economists are predicting deflation to begin, you pay freeze may actually rurn into a slight pay raise...

http://inflationdata.com/Inflation/Deflation_Articles/Whats_so_bad_Deflation.asp

 

[jmw]

That'd be nice.
But if you've noticed that, CVG, then the bean counters will have noticed too.

Guess where that takes us.

JMW

http://www.ViscoAnalyser.com

 

[Hoagie]

Ask yourself if the company indeed deserves your sacrifice. If so, then just give it. If not, start looking for a different job...if you can find one.

Loyalty works both ways... and such compromise should be negotiated. I think it's fair to ask your employer the 'what's in it for me' question. At the very least, you will be the guy that 'stuck in there' with them. I would think that you will be granted some form of tenure and advancement after the economy picks up sometime next year. There is opportunity in this, really.

Good luck with whatever decision you make.

H.

"Officer, just charge me with the usual."
~Bob Probert

 

[KENAT]

"I would think that you will be granted some form of tenure and advancement "

Picking myself up off the floor where I fell out of my chair laughing my a$$ off. Good one Hoagie.

KENAT,

Have you reminded yourself of faq731-376 recently, or taken a look at posting policies:

http://eng-tips.com/market.cfm?