Comments on: Would you take a pay cut?

By: Anonymous (name linked to email)

Anonymous (name linked to email) — Tue, 08 Sep 2009 07:16:50 +0000

BE CAREFUL is my message to anyone who would still feel at risk and accept a pay cut. (I agree with ‘Nick’ in the earlier comments) Clarify your pension and possible redundancy details. Is your pension going to be affected by your final salary agreement at the lower rate, and thus saving the company money when they make you redundant anyway?
An engineering company mentioned in the report imposed a freeze on the pay to its staff, then made redundancies anyway. This affected the final salary and the redundancy payments. Unfair?

By: mark wells

mark wells — Thu, 08 Jan 2009 07:27:46 +0000

I would be willing providing such asn intiative was led on a top down basis with the board of directors leading the way but would also like to see an agreed benchmark for early redemption if the market recovers.

By: Frank Garcia

Frank Garcia — Sat, 03 Jan 2009 19:27:35 +0000

I would be willing to take a pay cut, however, would a CEO, board of directors be willing to give up their high salaries and bonuses to fight against this economic crisis and save the comapany?

By: julie millward

julie millward — Tue, 30 Dec 2008 11:08:11 +0000

i would by willing to take pay cut if it ment keeping my job what i do not agree with is government giving out fuel payments again, to all people on benefits;i am single parent and work hard i will not be getting this, when is the government going to sort out these dossers?

By: John Brown

John Brown — Sat, 27 Dec 2008 10:36:36 +0000

The suggestion of asking the workforce to accept wage reduction has dark undertones. Does this include at all levels in management? Also how long would this need to be implemented?
This is certainly an option for management to exploit without any compunction at all. The best option is still laying people off; for them to be re-enployed when the current recession has come to an end. The skills learned will always be in demand so keeping the workforce at a reduced rate undermines the value of the workers’ skills.

John Brown

By: IT Contractor

IT Contractor — Fri, 19 Dec 2008 08:46:31 +0000

Just had to take a 15% rate cut, so it is common for contractors. Maybe the companies should consider it an option for established staff too.

By: Mark

Mark — Wed, 17 Dec 2008 17:13:05 +0000

The theory is fine but unless absolutely everyone in the company agrees it would not work. It wouldn’t be fair for only some employees to take the cut. For this reason I can’t see that it would ever work.

By: PD

PD — Mon, 15 Dec 2008 23:55:00 +0000

No i would not take a pay cut. once they do this where does it end.
lets not forget the utility companies will not easily cut prices nor will the council tax go down.Bills still have to be paid.

People have been brainwashed and are now motivated by fear companies are using this once in a lifetime situation to implement everthing they ever dreamed of doing but never dared now they have the perfect excuse.

Good luck the axe will fall regardless of any cut anyone takes. theres always a handy excuse waiting around the corner.

By: AM Afifi

AM Afifi — Sun, 14 Dec 2008 16:31:13 +0000

I would accept a 20% cut in salary to help conserve my job and my industry provided the percentage drop was across the board including all ceos. The cost of conserving a job must be less than that spent in creating new jobs and thats without considering the loss of esteem and financial pressure caused by unemployment.

By: stephen webster

stephen webster — Sat, 13 Dec 2008 21:04:41 +0000

pay cuts just another step on the road to deflation.
if we are not careful we could end up with something
far worse than just a recession a very bad slump.