My overseas friend just told me a most interesting story :-
A few months ago, a huge multinational corporation told its employees that due to its funding of a welfare program for the blue-collar workers, the company would have to cut pay across the board. This pay cut, would, prima facie, increase the corporation’s coffers by a whopping 40%, which is very much needed to fund the welfare program. The employees, pleased by the management’s nobler intentions, went along with it.
However, when the details of the welfare program was out, many were disappointed that the program didn’t seem to help the blue-collar workers very much. And so they had a few of their representatives approach the management to see if the program could be made even better. After all, they did had to suffer a pay cut for this, might as well make it more worthwhile.
Little did the employees knew another bombshell was coming. Just weeks later after the proposed pay cut was approved, the management then informed the employees that due to threat of not retaining and attracting crème de la crème to the corporation, they had decided to give themselves a 60% pay rise. Even though the said management is already paid much more than their counterparts in other larger multinational corporations.
Hmm, doesn’t this story sounds oddly familiar?
