| Career Development And Change Advice Blog |
| Career Advice, Job Search, Redundancy and Career Change |
When the credit crunch first hit and it was clear that we were going into recession, it was noticeable that attitudes between employers and staff were very different from previous economic crises. Rather than making staff redundant many employers introduced shortened working weeks, or sabbaticals from work. Employees responded by donating time or taking on extra, unpaid tasks. (more…)
New research has shown that half of all employers are imposing a pay freeze on staff whilst only 4% are giving pay rises above the rate of inflation. Whilst inflation remains low the impact of pay freezes is lessened, nevertheless it will benefit those companies who rely on the understanding of their staff to help them through the recession, to make sure that co-operation works both ways. (more…)
New research shows that one in five workers are putting in an additional 25 hours, or the equivalent of three days work a week. And 49% of employees have either taken a pay cut or a pay freeze since the recession started. Although on the face of it this seems unfair, it is in fact a win-win situation for both employees and employers. (more…)