Top accountancy firm offers its 11,000 staff sabbaticals or four-day week as credit c

BettiePage

http://www.dailymail.co.uk/news/article-1119431/EXCLUSIVE-Top-accountancy-firm-offers-11-000-staff-sabbaticals-day-week-credit-crunch-bites.html

mewbie_2

"They also have the option of moving onto a four-day week, with the fifth day unpaid."

I'm not sure how long I could cope financially with a fifth of my income going.

olly300

mewbie wrote: »

"They also have the option of moving onto a four-day week, with the fifth day unpaid."

I'm not sure how long I could cope financially with a fifth of my income going.

Safer than a partially paid sabbatical.

Interesting comment from a poster. Indicates they are pushing out staff anyway.

Normally when companies announce redundancies or any change in working practises staff who can move on do. And I know overhearing conversations on my train journeys some companies are still recruiting at top levels.

chucky

BettiePage wrote: »

http://www.dailymail.co.uk/news/article-1119431/EXCLUSIVE-Top-accountancy-firm-offers-11-000-staff-sabbaticals-day-week-credit-crunch-bites.html

Bettie - you must have forgotten to post the links to the other jobs that were anounced that were going to be created.

how come you only post job losses?

Thrugelmir

mewbie wrote: »

"They also have the option of moving onto a four-day week, with the fifth day unpaid."

I'm not sure how long I could cope financially with a fifth of my income going.

The average salary at KMPG is far above the national average. A worrying trend for those younger high flyers with excessively large mortgages though.

mewbie_2

chucky wrote: »

Bettie - you must have forgotten to post the links to the other jobs that were anounced that were going to be created.

how come you only post job losses?

Now come on Chucky. You can post the created jobs, and others can post the lost jobs - whatever. But you can't expect every time someone posts something to have to balance it out with equal and opposite news.

chucky

mewbie wrote: »

Now come on Chucky. You can post the created jobs, and others can post the lost jobs - whatever. But you can't expect every time someone posts something to have to balance it out with equal and opposite news.

you can't be that biased unless you have an agenda... but you do know what i'm getting at though :beer:

mewbie_2

Thrugelmir wrote: »

The average salary at KMPG is far above the national average. A worrying trend for those younger high flyers with excessively large mortgages though.

No matter how large the salary, it is easy for people to 'fit into' that salary, to become accustomed to it. If I still managed on what I was earning twenty years ago I'd indeed be rich. But my life-style has expanded to use my income, and losing 20% would hurt. A lot.

My point was, and perhaps I should have gone on at greater length (mod: no need really), was that many companies may look at doing this sort of thing, and many peopel may find themselves in a spot of bother as a result. I am not posting this to make some bear point, but as a kind of thinking aloud "hmmm I'd better prepare for this possibility".

dopester

I've got a good friend at KPMG...and another who relayed me all the info and the handouts from a credit-crunch projection-meeting hosted by KPMG early last year (it was not confidential info).

However they were definitely switched on to the difficulties ahead, unlike a major bank who also gave such a meeting a couple of months later and the info again relayed to me... with some ridiculous solutions to cope with times ahead.

BettiePage

chucky wrote: »

Bettie - you must have forgotten to post the links to the other jobs that were anounced that were going to be created.

how come you only post job losses?

Thought I'd leave something worthwhile for you to contribrute

Mr_Matey

It's optional