Posted by Lisa | Posted in General Travel | Posted on 19-08-2009
Tags: caribbean, Caribbean holidays, egypt holidays, Holidays, Holidays to egypt, luxury holidays, Tobago holidays, travel and leisure
Some businesses come up with ideas of saving on spending wages, but what about sending staff on a years holiday, without wages?
Well BT have come out and said that this is what they are going to be offering their employees. The staff are being told they can even take a 25% lump sum of their annual pay and take the whole year off, staying at home or getting a holiday off their own back. 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? Well basically BT has announced they have made over a whopping 1 billion pounds loss in the first three months of this tax year. 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. The other thing that they do mention, is that nobody will be pushed or forced into taking these options. 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. It may be easy for some people to carry on the year with only a small amount of cash but those with families may struggle. So is BT on the right track here? 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.
