Staff willing to take pay and holiday cuts to help firms during downturn

Two-thirds of employees would take a pay cut, work fewer hours, work more unpaid hours, and reduce their holidays to help their company succeed during the economic downturn, a survey has revealed.

A survey by communications giant Orange found that 62% of staff working for firms with more than 1,000 employees would be prepared to work flexibly to aid their firm’s chance of survival during the recession.

Many high-profile companies, including professional services firm KPMG and car makers Honda, Nissan and Jaguar Land Rover, have asked their staff to consider working shorter working weeks to save jobs during the recession.

The research also found that 71% of the 1,179 workers taking part were proud to work for their company. And 60% said feeling that their job makes a difference would increase their productivity at work.

The survey, carried out online by Matters, was conducted between 31 July and 10 August this year.

Comments are closed.