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Salary sacrifice is a growing trend in hard-pressed offices – but Rosie Millard is proud to be selfish

 

 

Would you take a pay cut to save the job of a colleague? Say 10%? Twenty per cent? Last week 2,500 employees at JCB, the digger manufacturer, did just that, sacrificing £50 a week rather than see 350 of their number heading out of the door.

 

Their sacrifice has been hailed as the first move of its kind in the economic crisis. But they are not the first – and they are unlikely to be the last, as I discovered after being asked the very same question live on Radio 2 by Jeremy Vine.

 

My answer: no way. First, because I’m a sole trader working from home. Second, it’s a gesture that would be bound to breed resentment on both sides. Every time I saw my “saved” colleague I’d remember my children without their new Boden winter coats and sigh. And what would the colleague feel – ever so humble or simply humiliated?

 

See whole article here: http://www.timesonline.co.uk/tol/news/uk/article5013932.ece

Would you take a salary cut, to save a colleague's job? With jobs losses set to increase, would you be more or less likely to take a pay cut?

 

I have never taken a cut, but a few times I have taken a pay freeze to help others.

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I read about the guys at JCB agreeing to work and get paid for a 4 day week so that their jobs would be saved. In the article, this one guy and 3 of his sons were employed at the factory and they felt that it was the only answer to them at least keeping their jobs during this time. It won't be easy managing on less money, but the alternative is far worse.

with jcb it makes sense, as long as their pay was restored asap, jcb is a long term pretty secure product.

 

i take a pay cut everytime we have a dry summer... or like the presant cold spell (next few days).

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