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Archives for Recession
Sabbaticals, Not Furloughs - Add KPMG International to the List
KPMG International is bracing for the economic downturn but working diligently to avoid job cuts. The big four accounting firm’s London office has offered 11,000 British workers the option of moving to a four-day workweek or taking a sabbatical with reduced pay.
Employees have two options: take one day off a week - at a 20 [...]
Swearing Off Pink Slips in a Recession
Especially because salaries often represent a business’ biggest expense, cutting costs without cutting staff can prove challenging. Job-sharing, reduced hours and sabbaticals can all help keep employees on board during a long recession.
Sabbaticals in Lieu of Layoffs
Time off instead of a layoff. Companies strapped for cash are looking for creative ways to cut costs. And some are offering sabbaticals. The idea is to take several weeks off with benefits, but little or no salary.
It’s something more companies are doing in an economic crunch. Workers spend the time recharging while [...]