How much of a pay cut would you take to keep your job in the current economic climate

PullMyFinger!

Poll to follow.

Given the way things have gone how much of a pay cut would you be willing to take to keep your job in the current economic climate?

If the choice was to work at a much reduced rate or not work at all would you stick to your principals?

What is the absolute most of a wages hit would you take?

Have you taken a reduction recently and if so how much?

Cuddlesworth

None, I'm being underpaid compared to the current market and with the necessary experience provided and a good market for jobs in my area I would hop ship in a second if I wasn't going to get the bonus and pay rise this year I expect.

4zn76tysfajdxp

1,000%

That's right, I would pay them so I could work.

Quazzie

At the momeny its gotten that ****ty I couldn't justify staying off the dole if I got more than a 10% pay cut

TripleAce

Cut the money to the lazy who stay on the dole for ages, not to the workers.

Danbo!

Already took a 10% cut. Well, moreso was given a 10% cut

deleriumtremens

TripleAce wrote: »

Cut the money to the lazy who stay on the dole for ages, not to the workers.

But how will they pay for their fags, booze and heartburn-inducing white bread toast?

stovelid

If I see another recession/current climate thread in AH, the only cut I'll be making is to my wrists.

dsab

Considering that my company just released excellent figures, and the fact that the forecasts (licence bookings etc.) for the next year look great, anything else then a decent payrise would be an insult to the workforce. But said that, usually they are quite generous (8% last year).

We already shed 20% of the worldwide workforce in the last 3 years to boost profits and shareprices, and have become more productive as a company. AFAIK remember we have increased turnover and sales for 18 consecutive quarters now.

Boskowski

I'm fed up with the 'current economic climate' ****. I just can't hear it anymore. The current economic climate can **** off. I'm going to sit this one out.

Tom65

Where's the "Atari I don't have a job" option?

ScumLord

Ellen Narrow Jibe wrote: »

1,000%

That's right, I would pay them so I could work.

I'll let you do my work for a tenner.

SV

Considering I'm on fairly crap pay as it is..I'd only be prepared to take a 10% cut.

(and I mean CRAP, not crap in most peoples cases which is below 700 a week :rolleyes:)

deadhead13

Where is the "smallest cut I could possibly get away with" option.

Collie D

Not a cent. My company is doing quite well. We reported an increase in profits of 17% for the year last month and are expanding into new countries. However, they still used the "current economic climate" as an excuse to cancel our Xmas party. I know that's nothing compared to what some people are going through but the fact they lied about it makes me think they will try something on regarding a pay cut.

ongarite

Would love to know what area the private companies mentioned above are making money in?
The industry I'm in is facing its biggest ever downturn with even the biggest player set to announce its first loss in 20yrs.
I'm on pay freeze since June last year and facing possible 20% pay-cut.

Collie D

ongarite wrote: »

Would love to know what area the private companies mentioned above are making money in?
The industry I'm in is facing its biggest ever downturn with even the biggest player set to announce its first loss in 20yrs.
I'm on pay freeze since June last year and facing possible 20% pay-cut.

In my case it's low cost retail - the kind of place people flock to in time of recession and does well anyway. Won't name the company but we're high profile

EDIT Who are the two people willing to take a 60% pay cut?

m5ex9oqjawdg2i

None, I gots no job

dsab

ongarite wrote: »

Would love to know what area the private companies mentioned above are making money in?
The industry I'm in is facing its biggest ever downturn with even the biggest player set to announce its first loss in 20yrs.
I'm on pay freeze since June last year and facing possible 20% pay-cut.

IT, big enterprise software to make your IT operations more efficient and alligned.

Joeface

Just had a 10% cun* no cut forced on us in work

But managment took 20% so i suppose its only fair

holly1

My hubbie took a 15% pay cut,second cut in five years!!!!
Pay cut or buisness folds, and it still could.

Carpenter

Just had a 17.5% cut and thats all I am fu**ing taking :mad:

johnp

None













is my boss watching?

Nightwish

I've had a 6% pay cut imposed on me but I'm not keeping my job either.

Zonda999

To all the people that have voted under 25%, are you genuinely sayin that you were gettin a 25% pay cut, you would walk straight out of the job?? No hesitation at all joining the dole queue?? I genuinely cant believe that!!

Firefox10

I will be getting a 100% pay cut soon.:(

galwayrush

I have taken a massive reduction in income because i can't collect the money i am owed. Even worse, mr tax man dosen't care that i can't get my money in, he still want's his pound of flesh, even though i don't have it.:(

dr.bollocko

Absolutely no way in hell.
If a paycut was offered a P45 would be requested TBH. **** that. I work too hard for too long to take a goshdarn paycut. I'm already going cheap.

Kernel32

Back in the dot com bust I had an increasing pay cut, 5%, 10% then 20% in order to keep my job. One of the executive managers took a 100% pay cut, had to file personal bankruptcy and got divorced as well. We tried to keep the company afloat but in the end it faded away and I eventually left.

And by the way, just because you think the company might be doing well, you can still be blindsided. At this particular company I was shocked to find out we were having layoffs. I was working on multiple projects working long hours but I was so busy I didn't recognise that half the company was idle. Next thing I know we had multiple rounds of layoffs, my friends and co-workers let go without a penny. I am not as naive anymore.

hurdehur

Enough to keep me 150-200 euro above the dole.

holly1

holly1 wrote: »

My hubbie took a 15% pay cut,second cut in five years!!!!
Pay cut or buisness folds, and it still could.

Some people are not young enough to risk maby not getting another job,so he will hold on for as long as he can,and he realy likes what he is doing.

Max Power1

Issac Purple Background wrote: »

None, I gots no job

plus 1 here

The Saint

I is a student but am willing to give up 25% of my pot noodle. I'm doing my bit for the recession.

Sofiztikated

Already working 2 days a month unpaid. Roughtly a 7% paycut, i think if my maths are right. Still ghey as I work hard for my moneys, and never got paid/days leiu for my overtime, which is already running at about 7.5/10 hrs a week.

But needs must, as we have to reduce costs somewhere, and already have staff on as minimum as possible.

witnessmenow

The lads who's companies are doing well, i bet its Aldi or Lidl!

PullMyFinger!

ongarite wrote: »

Would love to know what area the private companies mentioned above are making money in?
The industry I'm in is facing its biggest ever downturn with even the biggest player set to announce its first loss in 20yrs.
I'm on pay freeze since June last year and facing possible 20% pay-cut.

What industry are you in?

Gulliver

25% pay cut. Was on three days last year, now 5. No overtime or benefits. Not a 9 to 5 job either. You leave when the job is finished and that's it. (IT Sector) Not much above minimum now. Job still not certain.

Seriously thinking of just leaving places at 5.30. Sorry Sir/Madam, not paid have you stand right behind me as I'm trying to service your kit and tell me that your 6yr old nephew knows as much as I do. Get him to do the f**king job then!

Highsider

None is the answer.Would be better off on the dole with rent allowance etc.. anyways as is. Only in the job to keep my sanity TBH.

Miss Minnie

Expecting a 10% cut in the next week or two...we have been warned its coming. Worst thing is our company is very healthy - top end of 2008 targets so I can't help thinking they are taking advantage.... :mad:

Wouldn't take any further pay cut...after 10% I would prefer to work a shorter week and save on the petrol! Anyway I've taken on further roles and responsibilities this year with no financial reward...feck that!

All this makes me very sad We used to have happier things to talk about

homerjay2005

Cuddlesworth wrote: »

None, I'm being underpaid compared to the current market and with the necessary experience provided and a good market for jobs in my area I would hop ship in a second if I wasn't going to get the bonus and pay rise this year I expect.

its this sort of attitude that causes companies to lay off people in the first place. your employer owes you nothing, they dont have to give you a pay rise or a bonus.

and where would you go to? the "current market" is long gone. no matter what job you have, its under threat and it can be done for bout 40% elsewhere. i hope to get a bonus this year but im grateful for a good job that i have and will gladly sit here for the next 12-18 months and keep my mouth shut, as long as the salary comes in at the end of the month.

PullMyFinger!

Miss Minnie wrote: »

Expecting a 10% cut in the next week or two...we have been warned its coming. Worst thing is our company is very healthy - top end of 2008 targets so I can't help thinking they are taking advantage.... :mad:

I can see a lot of scrupulous company owners using this credit crunch as an excuse even if their margins are very healthy. Pure greed.

Cuddlesworth

homerjay2005 wrote: »

its this sort of attitude that causes companies to lay off people in the first place. your employer owes you nothing, they dont have to give you a pay rise or a bonus.

and where would you go to? the "current market" is long gone. no matter what job you have, its under threat and it can be done for bout 40% elsewhere. i hope to get a bonus this year but im grateful for a good job that i have and will gladly sit here for the next 12-18 months and keep my mouth shut, as long as the salary comes in at the end of the month.

They don't have to give me a pay rise or a bonus if they don't want to keep me.

There are over 56 jobs currently being advertised in Dublin for my role with the minimum pay being 4k over what I currently earn. Bonus's like a company car, parking and paid for health insurance all of which I currently don't have. The only reason I have stayed is because I like the company and they pay for further training. I also get plenty of time in work to study what I want.

I don't care what situation you are in, or what others are in. I'm not in it. I've never had a problem getting a job, can talk my way into anything and pick it up so damm fast it would make your head spin. So nobody is going to sell me this recession crap or try drop my pay.