Freedom, system thinking, politics, science, education, economics, pirates

Tuesday, 6 January 2009

Staving off redundancies?

My company has announced it is cutting pay and working hours by 20%. I'm hoping it will reduce the risk or the amount of enforeced redundancies.


4 comments:

  1. Remember that companies are punished by the government for employing people, so paying less and employing less is rewarded with a lower Employers NI fine.

    ReplyDelete
  2. oh and I forgot...

    Best of luck with your job!

    ReplyDelete
  3. It's not ideal, but since my marginal rate of tax is much higher than my average rate of tax, I will suffer less than a 20% cut in take home pay, but get a full day off. The thing to do is to use the day productively; re-training, maybe - but in god knows what.

    Thanks for the good wishes.

    ReplyDelete
  4. Contractors at my company work a 3 or 4 day week at another firm then make the day up working for me.

    Since I'm a rather pedantic and difficult taskmaster (in a nice way) and the other firms have a wider range of things happening it suits all 3 parties.

    ReplyDelete