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Negotiating a Pay Cut?
csb asks: "My employer will probably ask me to take a pay cut in order to prevent (or at least minimize) layoffs. I want to keep this job; but, I don't know what to request in return for accepting a temporary reduction in salary. Is this a negotiation? What questions should I bring to the table? Which issues should I stand firm on, and what should I let slide? Are there some resources out there about this sort of thing?"
No offense but I think you are in total denial. The odds of this company being a diamond in the rough are astronomical. But then again, a great many people play the lottery. Maybe schools should make statistics a basic requirement in highschool. Sure, if somehow the company is one the greats just having problems then sure take stock, but lets be honest here, it is unlikely if they are asking people to take pay cuts that they are headed for great things. I talked to a buddy that does corporate outplacement, and he says when they ask you stuff like this, you can pretty much be 99% sure the company is gonna tank. If you want your future riding on that 1%, by all means listen to this guy.
Most compaines have rules that say if you don't work 40 hrs/wk your not full time and you don't get the extra benifits. Will taking the 4 day workweek mean you don't get insurance or vacation time?