09:53 07 May 2013
The National Employment Savings Trust (Nest) has declared their stance on large corporations and what they believe should happen, with a subtle message about how savings can be addressed within a company, and without detrimental effects on the workers.
Nest has brought attention to the recent trend in corporations to hire executive-level employees and then fire them within three years.
This has been causing executives to demand more income up front, leaving the company without as much savings, or with the option to hire a less-qualified candidate who may not require as much money, but who may also put the company’s financial status at greater risk than the candidate requesting the higher income.
Companies have to determine whether or not the savings in income payout is worth the potential risk. Here are some additional concerns that Nest is prepared to deal with:
National Employment Savings Trust has made it clear that they prefer to consider wages within companies, with the focus on the wage ranges within a company, rather than looking exclusively at the wages of the industry. They desire to reduce the disparity between the different types of workers’ wages within large companies.
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