Would you take a pay cut to save your bank?
What's worse for your career (and your ego) - being thrown on the redundancy scrapheap, or having your salary slashed by a quarter?
That was the dilemma faced by CLSA staff who were told to take a massive pay cut or risk taking a hike.
The firm's top-500 employees were asked to say whether they'd accept a 15%, 20%, or 25% reduction for next year.
Which one of these lovely options sounds the most appealing to you? For CLSA, the first cut is the deepest: they chose the full 25% to keep their dear firm alive.
And Jonathan Slone, chief executive of CLSA Asia-Pacific Markets, thinks losing all this money will keep his workers happy. "This scheme is a great way to create an internal bond among staff and get them moving in the same direction." (Financial Times)
Would you give your pay away like a good CLSA employee? Get generous below.