Pick one: Pay cut, furlough or reduced work week

While managers are struggling to keep their IT shops lean and avoid layoffs, there are plenty of ideas for what companies can do about the sudden shift of the economy. The Business Roundtable, a professional association for CEOs, told CIO.com that executives are open to alternatives in order to get through this recession without job loss. Here are a few of them:

• Nearly 60 percent would accept unpaid vacation days or one to two weeks of unpaid leave.
• 59 percent would accept additional unpaid vacation days or one to two weeks of unpaid leave (a furlough) if doing so gave them more job security.
• 47 percent would work fewer hours for less pay to avoid company layoffs.
• 41 percent would take a pay cut and continue working the same hours.

We would be interested in hearing your story, if your IT shop has initiated this kind of savings to avoid layoffs.

For more on getting through this recession:
- check out this CIO.com article

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