DangerMouse
Thinks s/he gets paid by the post
I'm wondering how common it is at the moment for companies to downgrade their benefits package using the current economic climate as an excuse. Where I work they are implementing the following:
1. If you want the PPO you have to pay the difference between the POS and the PPO. For me that is an additional $200 per month.
2. They are terminating the 401k match and changing the vesting schedule for new employees from immediate to 3 years.
3. They are proposing a 5% salary cut across the board and requiring employees to work additional hours.
So how common are these type of changes in the market at this time?
1. If you want the PPO you have to pay the difference between the POS and the PPO. For me that is an additional $200 per month.
2. They are terminating the 401k match and changing the vesting schedule for new employees from immediate to 3 years.
3. They are proposing a 5% salary cut across the board and requiring employees to work additional hours.
So how common are these type of changes in the market at this time?
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