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eric -dot- dunn -at- ca -dot- transport -dot- bombardier -dot- com
[...]
> Companies will happily rake in profits hand over fist due to
> good market
> conditions, but good luck getting them to match market
> salaries when they go up.
> And before someone says that employees don't take a cut when
> the market goes
> down, think again.
Two years ago, we cut a division of our small company, during
the aftermath of the tech bust. It became apparent that even
that was not going to do the trick, so it was announced that
employees would be taking a ten-percent pay cut. It went into
effect three months *after* the senior management took an
equivalent cut. Other companies in our space folded. We
didn't.
We weathered the worst of the storm and are expecting to
"return to normal" before long. The company keeps us up-to-date
on the numbers. Or, should I say: the senior execs keep us
informed.
It may not be s.o.p. everywhere, but I'm ok with it.
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