In recent weeks Career Breaks are trending as an alternative to redundancy with both the Health Service Executive (HSE) and the Irish Police Force (Guadai) following in BT’s footsteps by offering incentivised paycuts to take career breaks.
Advantages of giving Career Break’s over redundancies
In the past, companies would do mass compulsory redundancies without considering the negative implications. Redundancies create a nervous workforce who aren’t engaged and those who escaped the chop are looking round for other jobs like rats off a sinking ship. If you are thinking about redundancies to get you through a short term issue, think about how much time and resource you have invested in your workforce. Are you at risk of loosing you skilled workforce to competitors? Will the short term savings be dwarfed by your future recruitment and retraining costs? If the answer to these questions are yes, you should consider encouraging your staff to take a Career Break or Sabbatical. That way you can reduce your costs while you weather the storm through the rough financial times while at the same time retain a skilled workforce for when things pick up.
According to the Irish Medical Times, the Irish HSE are offering staff a taxable incentive of a third of their gross pay, up to a 12,000 euros and the Heald.ie reported that employees are guaranteed a job at the relevant grade level within one year. The Irish Independent wrote that the Gardai are looking to offer up to 3 year career breaks with a a taxable lump-sum of 30,000 euros and a guaranteed job after three years. Both companies are allowing people to work overseas.
The HSE are aiming to cut 4,000 staff this year in order to save 721 million euros while the Gardai have to reduce their workforce by 1000 staff due to government spending cutbacks. By giving these breaks, people can do things that they have always wanted to do, have a job when they return and the companies don’t have to invest vast amounts into training new staff.
What to do during your Career Break
There are numerous things that employees can do during their career break, for example if you want to work abroad there are numerous opportunities including volunteering and teaching English abroad or you can stay at home and create your own business or further educate yourself.
Have you taken a paid or unpaid sabbatical or break in your career?
If you have taken either a paid or unpaid career break, let us about it. We are interested in hearing your stories. Did you negotiate your break with your employer and if so, how did you go about it? Did you hand in your notice? Why did you take a break? If you did it again, what would you do differently? There are lots of people out there who are considering a break in their career, so why not help them by telling them about your experiences and adventures.
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