TD2K
Senior Associate
Once you kill a cow, you gotta make a burger
Joined: Dec 19, 2010 1:19:25 GMT -5
Posts: 10,931
|
Post by TD2K on Jan 28, 2011 20:44:49 GMT -5
Can I choose to fire 3 of my coworkers and get a 10% raise?
LOL Archie. A lot of people at my company last year was on reduced work hours. I enjoyed having the extra time but on the other hand, I'm financially in pretty good shape. The younger engineers found it a lot harder.
|
|
|
Post by stantonjane on Jan 29, 2011 0:27:20 GMT -5
I was surprised that the title was would you rather work less or be take pay cut, but then the question at top was would you take 2 days less per month for 10% cut or 5% straight cut. Changed the original question quite a bit, I thought. That 5% difference would carry the largest weight on my reply.
We had a similar instance last year, pay more into our retirement or take 1 day furlough for 5% cut for that fiscal year. We chose the one day furlough because if you're going to get less money, it softened the blow to at least have the time off, whether or not you used it to earn additional money. Also, a furlough seemed easier to recover from in the future, as business picked up they would have us revert back to full schedule at the next contract. A 5% reduction felt like it would be harder to approach management to get back. Even if we all got that 5% retuned to us the next contract, we'd just be back to what we had prior to the reduction, and management would feel like we didn't need anything else for a long while, since we just got what looked like a 5% raise.
This year there wasn't much we could say about things. Our association worked their buns off to get us to only have to pick up an additional 6% of our retirement contributions. We lost a lot of people in layoffs last summer, and don't have much to bargain with. Even the management who approved that contract were heavily criticized for not cutting deeper.
|
|
|
Post by stantonjane on Jan 29, 2011 0:40:15 GMT -5
In going back and reading how many people figure they can work a part-time job and make up the difference, I'm confused if they can find work for part-time that pays as well as their full-time gig. I'm guessing that most part-time work is in the $8-$10 range, tho if you're a good waitress you can score decent tips to raise that number some. But if you make $30-$40 an hour, you'd have to find work to pay equivalent to that, wouldn't you? Not to mention that wouldn't be time off, just time at another job.
Kudos to those of you who can do well with the 10% reduction. Admittedly it would be my choice if I could take that big of a hit. I couldn't, and at my hourly salary (in the $30 range) I don't foresee finding part-time work to fill in that gap. Although I could get serious about looking into freelance graphic work, like 80% of the people on the web, LOL.
|
|
queenofcorona
Familiar Member
Joined: Dec 28, 2010 17:16:54 GMT -5
Posts: 707
|
Post by queenofcorona on Jan 29, 2011 12:41:59 GMT -5
My work recently cut production workers from a 45 hr standard work week to a 40 hour work week, so approx. 20 hours OT lost per month. They then gave a 9% increase to help make up for lost wages. BUT, my division (only) stayed with a 45 hour work week without a pay increase. It kinda burns our butts that the rest of the people are working fewer hours for almost 10% more. Granted our paychecks are higher due to the OT, but we're working more for less. If they'd at least given us a col increase it mightn't be such a source of contention. Something like 60 hourly employees got the hour cut/pay increase and 5 of us remained at status quo (with no pay increase in 2-3 years). Though it may sound ungrateful, I'd rather have the hour cut/raise in my particular situation.
|
|
DVM gone riding
Senior Member
Joined: Dec 20, 2010 23:04:13 GMT -5
Posts: 3,383
Favorite Drink: Coffee!!
|
Post by DVM gone riding on Jan 29, 2011 13:12:22 GMT -5
ditto telaphus...I would happily do it right now and I have no kids or anything!! With kids I really want to go to three days a week and no on-call-maybe the occasional Sat.
|
|
|
Post by ummboutthat on Jan 29, 2011 14:58:55 GMT -5
definitely work less days! getting a pay cut is same as company downsizing! working same amount of hours doing more work covering for the people they cut! work less days, get less pay (at first), more time for myself, get personal errands covered, then company will ask me to stay late then company will offer over-time well offer to me anywayz cause I'm a fantastic employee
|
|