BT are leaking money, so offer holidays instead of wages!
If you were given the option – take a pay cut and receive long holidays, would you take it?
Well BT have come out and said that this is what they are going to be offering their employees. Basically if the employees want they are being given the chance to take a 25% stake of there annual wages and keep it for the rest of the year, but they wont receive any more, they will then have the rest of the year as time off. Another option that is really being pushed forward is to ask some employees to take a one thousand pound lump sum and then go part time for the rest of the year.
So what’s spurred this on? BT have just come out and said how much profit that they have lost this year, in-fact they have a lost a massive 1,3 billion pounds. So their plan is to reduce the wages to all of their one hundred thousand staff, this way they can save a large sum of spending fees.
So looking at this in a positive light, what do the employees get out of this? Taking the time to be with the family will be nice, especially if the spouse is working, you will still have some income. They do mention as well, that these actions will not be forced upon anyone, they are purely volunteered by the employee. This also means that some can embark on some very long trips or soul searching holidays. Relaxing St Lucia holidays or Egypt Holidays.
However there are problems with this as well, people wont be able to afford to go on any of these holidays. However people with children although may be able to spend more time with the family, they will find it hard to cope without the spending money. But do BT really know what they are doing? Personally I believe that BT needs to find other ways of sorting out the business instead of letting its employees take the fall.
However if you are one of the lucky ones who can still afford Caribbean holidays, then you may as well enjoy the break.
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Tagged with: BT • business • caribbean • Caribbean Holidays • Egypt Holidays • holidays • Holidays to egypt • luxury holidays • St Lucia holidays • time off • travel and leisure
Filed under: Family Topics
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