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Archives for Economic Downturn
No More Straight Lines in Careers: A Boomer's Sabbatical
At age 56, Toni Riccardi “retired” from her partner role at PricewaterhouseCoopers in order to take a sabbatical for a year before returning to work. Her friends, Toni says, “were horrified”.
“They told me, ‘You’ll never get back in the job market if you leave now. You’re too old’”.
Toni’s sabbatical ended up being a two-year break, [...]
Leveraging the Recession: Dirk Baxter's Sabbatical Story
Not too long ago, Dirk Baxter, a management consultant with global experience and a PhD in industrial and organizational psychology, spent two weeks doing business in Spain. After a week of saying “escuche” to any Spaniard due a pardon, Dirk was informed by an American who knew better that, although “escuche” sounds like “excuse me” [...]
Car Makers Push Sabbaticals to Save Jobs
Jaguar Land Rover offered staff three-month sabbaticals on 80% pay, and 300 employees accepted. Honda announced it would halt production for two months from February. And General Motor’s UK-arm Vauxhall has offered nine-month sabbaticals on 30% pay.
Other companies, in both the auto industry and beyond, are working hard to preserve jobs. Even small businesses are [...]
Flexibility Offerings (Sabbaticals) Ride the Economic Wave
As companies grapple with strained budgets, tight credit, waning demand for products, and layoffs, flexible arrangements like sabbaticals are a way to keep morale high. And they don’t have to cost much.
Employees worried about their jobs tend to be reluctant to seek out such arrangements, said Ellen Galinsky of the Family Work Institute, in a [...]
Slate Staffers Get "Fresca Fellowships" (aka Sabbaticals)
The New York Observer has reported that internet publisher Slate has told staffers that they will - one by one - take four to six weeks off (paid) and must come back with something to show for it.
Slate editor David Plotz told his writers that they are to exit the work-a-day rat race, take a [...]