With all this talk about rate cuts in finance (UBS), a director of a large recruitment firm made a comment about pay cuts whether permie or contractor was a wise thing in the current climate.
Over the last few years where the economy has been in tatters I have never heard of a permie getting told they needed to take a pay cut. Redundancy yes, but not a pay cut.
Surely if all the permies took a 5-10% cut the employer could afford to keep them all on board rather than swinging the redundancy axe randomly.
Over the last few years where the economy has been in tatters I have never heard of a permie getting told they needed to take a pay cut. Redundancy yes, but not a pay cut.
Surely if all the permies took a 5-10% cut the employer could afford to keep them all on board rather than swinging the redundancy axe randomly.
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