Reply to: Would you take a 50% pay cut?

[russell]

Is that because McDonalds has a good union?

That joke doesn't really work does it?, as there are no skilled workers at McDonald's. Best letting us with some wit do the jokes .

[SimonMac]

No, they're in constant competition for the best fry rackers and burger flippers with Burger King. Only the best are good enough.

You are the Milky Bar Kid and I claim my five bars of creamy white chocolate

[Mich the Tester]

Is that because McDonalds has a good union?

No, they're in constant competition for the best fry rackers and burger flippers with Burger King. Only the best are good enough.

[SimonMac]

Would never happen to us skilled professionals.

Is that because McDonalds has a good union?

[russell]

Would never happen to us skilled professionals.

[Scrag Meister]

In response to the OP, it depends what the alternatives were.

Bench? I'd take the 50% cut.
Contracts available at decent rate? I'd move.

[aussielong]

I was offered a 50% pay cut with the incentive of 200% pay back if the company was eventually bought out.

I asked if I could do 50% of the hours instead -and work from home. Since they were near the end and needed me more than I needed them, they took my offer.

So I got another job at the same time. Since I could work twice as efficiently at home with no interruptions, I ended up working 125% of a full time job and taking 150% pay.

The company went under in the end.

[Sysman]

However if you had a skill in a dying industry and lived in the a**end of no where then taking a 50% cut with a hope that the business can turn round is preferable to claiming the dole.

Not really. That's the time to get out, for that 50% pay cut will leave you stuck in a place that has no opportunities, and leave you without the brass to escape.

[Peoplesoft bloke]

1) no

+1

Would rather take 100%

[AtW]

Getting rid of NI contributions would just screw up the social security system.

Keeping people employed means they don't claim unemployment benefits.

Employer NI is total nonsense since by definition that employer is providing job in the first place, wtf is it paying insurance for?!?!

There are so few manufacturing jobs left that removal of NIC on those is a no brainer - the trouble is dealing with those "creative" types who'd claim NI relief because they are somehow related to manufacturing.

[Old Greg]

And Santa Claus should exist, but he doesn't. Nice logic.

Scrapping NI would hurt Social Security, if it were use to pay for it, which it isn't.

The reason you believe Santa is because you've never met him.
The reason you've never met him is because you haven't been a good boy or girl.

Where does that leave your so-called logic?

[scooterscot]

1) no

2) in exchange for shares, maybe

[d000hg]

A lot of us take 100% cuts when we're benched

Your Ltd stops paying you when it hasn't got any clients? That sounds like a tulip company to work for, your boss is a tyrant.

[SueEllen]

Most contractors:
1. Have skills that can be used in more than one industry, and
2. Are mobile.

Hence there is no need to take a 50% cut.

However if you had a skill in a dying industry and lived in the a**end of no where then taking a 50% cut with a hope that the business can turn round is preferable to claiming the dole.

[SimonMac]

I would be very suspicious if a Client asked me to take a 50% pay cut to keep the business viable for the short term compared to an across the board 10% cut to save costs