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I could see quite a few companies reaching for this over pay rises. Considering inflation right now, it may make sense to suggest a 4 day working week at their
by Philip-J-Fry 4y ago
I could see quite a few companies reaching for this over pay rises. Considering inflation right now, it may make sense to suggest a 4 day working week at their existing pay versus offering an inflation beating pay rise.
- greedo 4y agoHaha, "inflation beating pay raise." Our VP of HR said "If we were to give you raises when inflation goes up, we'd have to cut your salary when it goes down." Bitch, when was the last time we had significant deflation?
- piva00 4y agoI'd sign that agreement in a heartbeat. Seriously, if my VP of HR said that I'd challenge them to write an employment agreement with that exact phrasing, my salary will follow whatever is the inflation/deflation rate for the year...
- Tiktaalik 4y agoor I could see it as another tool in the toolbox for smaller private companies that simply cannot match the offers of the big FAANG tech companies with their sky high pay and oodles of RSUs. A private tech company can't match what Apple can do in financial compensation, but what they can offer is better quality of life. Previously that might have been something around benefits and vacation days, but four day work week is a new lever.
- Beaver117 4y ago>simply cannot match the offers of the big FAANG tech companies with their sky high pay and oodles of RSUs. But I bet they have no problem paying the CEO millions of dollars Think of how much funding "smaller private companies" get from VCs nowadays. We're not talking about a startup in someones garage.
- carlosjobim 4y agoIf they cannot offer what it costs to hire the competence the require, they need to learn how to do those things themselves. You cannot just start a company and expect to buy your way out of your own lack of competence - at least not when there are others paying more.