RE: A change of heart?12 Nov 2019 17:29
200iq, at 16:35 you posted;
1. Who gets £30k a year pensionable pay?
Answer - your average OPG gets circa £27k plus pensionable allowances for shift work which brings most up to around c£30k+. Some of our drivers regularly smash £35k without breaking sweat.
2. Paying 2 years pensionable pay up front would save 2 years full pay over the next 2 years so no need for a divi cut.
Answer - you are correct but there are additional costs involved in replacing, training and retaining new employees. Yes, over the next 5 to 10 years it might work but by then our competitive edge would be most likely lost?