Poll: As a permanent employee, how much of an annual increase do you get every year?

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Thread: As a permanent employee, how much of an annual increase do you get every year?

  1. #221
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    AdrianH's Avatar
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    Quote Originally Posted by Cathal View Post
    Really has me worried, have already been retrenched once due to a company shutting down, really don't want to go through it again.
    I was watching a video about some guy who told a story about a company in the US during 2008 recession. The boss off the company decided not to retrench anybody even though they lost 30% of the monthly income overnight due to the recession. What he did is ask each employee to go on 4 weeks unpaid leave over the next 12 months. Employees even started trading unpaid leave days for work days depending on their financial situation. It's a pity most companies don't think this way.

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    $eR8Ed (April 16th, 2019),  Cathal (April 16th, 2019)  

  3. #222
    Oupa $eR8Ed's Avatar
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    Although in SA, 4 months unpaid leave means you loose most if not all the stuff the banks still own.

  4. #223
    Addicted Member Tag11's Avatar
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    Quote Originally Posted by AdrianH View Post
    I was watching a video about some guy who told a story about a company in the US during 2008 recession. The boss off the company decided not to retrench anybody even though they lost 30% of the monthly income overnight due to the recession. What he did is ask each employee to go on 4 weeks unpaid leave over the next 12 months. Employees even started trading unpaid leave days for work days depending on their financial situation. It's a pity most companies don't think this way.
    Furlough is a common HR/finance scheme in the US, and is also sometimes used in Europe, as far as I know it is not legally permissible according to SA labour laws.

    Had a client in New York that split Fridays up... so one week half the company worked 4-days a week while the other half worked 5... then swapped the next week - the company was able to save enough to avoid retrenchments while only decreasing staff salaries by approximately 10% (and of course everyone got a long weekend every second week)... most of the staff were ok with the arrangement and it only last for about 4 months before things returned to normal. A good strategy if you ask me - I'd far rather be allowed to do that than have to let people go.

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    AdrianH (Yesterday),  Cathal (Yesterday)  

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