Would you take a 5% paycut?

[marko138]

Originally Posted by neebelung

We just had our quarterly meeting last week... no profit sharing (can't 'share' what we didn't make), and corporate wide wage freeze (so those of us who've taken on all KINDS of extra work this year are just going to have to be glad we still have JOBS rather than complain about not getting a raise).

Yeah it reallys sucks....we're not allowed OT either. And there's a wage and hiring freeze. We're literally dont have enough people to get the news on the air everyday. Its really tough. We're all busting our asses to get the show on the air, doing more work then ever for less work.

But on the plus side...I still have a job.

[Homeslice]

The news says everyone at HP took a 5-20% cut

[OneSickPsycho]

I'd take it until I found another job.

[Cutty72]

Like a few others... take it, and take my things as soon as i found something else.
5% should be a liveable amount to lose.
In Rae's case though... 20% wow, that's a big chunk of change!

[Hondahugger]

Originally Posted by neebelung

No, I wouldn't ask who they are. It's not my business, nor should management be obligated to tell you. It shouldn't factor in, IMO. That makes it personal, and it's a business decision.

Some people might feel that if they can't send their little Johnny to Baseball camp in the summer and little Suzy to Ballet camp, or get their child braces for their teeth, they would want to know where their 5% is going that is making their family sacrifise.

Originally Posted by neebelung

If you're trying to "do the right thing," you just do it. You don't base the decision on "Do I like that person? Do I not like that person?"

I absolutely agree!

Originally Posted by marko138

Yeah it reallys sucks....we're not allowed OT either.

Some companies have gone to the 'Comp Time' rule to avoid paying the OT.

[marko138]

Originally Posted by Hondahugger

Some people might feel that if they can't send their little Johnny to Baseball camp in the summer and little Suzy to Ballet camp, or get their child braces for their teeth, they would want to know where their 5% is going that is making their family sacrifise.



I absolutely agree!



Some companies have gone to the 'Comp Time' rule to avoid paying the OT.

Yep....they send us home early or we have to come in late on Friday.

[the chi]

In this economy, Id take a paycut before Id risk losing my job, but we dont get those kind of options at my company. We havent gotten raises in years, we arent allowed overtime, and when we do work 6-7 days a week we then get bitched at for taking that comp time a few hours here and there...

We had a local guy do something similar, instead of laying off or firing to avoid paying umeployment, he just gave his entire salaried staff a 20% paycut, and they were grateful to keep their jobs...

[Ninjakel]

It sucks, but business is business.

[marko138]

Originally Posted by The Chi

In this economy, Id take a paycut before Id risk losing my job, but we dont get those kind of options at my company. We havent gotten raises in years, we arent allowed overtime, and when we do work 6-7 days a week we then get bitched at for taking that comp time a few hours here and there...

We had a local guy do something similar, instead of laying off or firing to avoid paying umeployment, he just gave his entire salaried staff a 20% paycut, and they were grateful to keep their jobs...

Your situation would irritate me more than taking a paycut.

[MILK]

I already told my manager I would rather have a pay cut than see anyone laid off.