> Are you saying most employees would prefer losing their job or living without job security over a pay cut with job security?
Pay cuts don’t come with job security. You can get laid off after a pay cut as easily as without one.
Employees prefer not having their pay cut. The ones that are dismissed aren’t employees any more, so from the narrow perspective of the organization dismissing them, their morale doesn’t matter. Pay cuts impact the morale of the people still working more than lay offs do.
Now, where pay cuts – especially explicitly and enforceably temporary ones – come with some real measure of job security as a way of avoiding layoffs, that can be different, but that usually only happens where there is a specific contractual arrangement, usually via a preexisting union and labor-management negotiation (and even there its tricky, especially in the private sector, because firm guarantees are hard.)
Pay cuts don’t come with job security. You can get laid off after a pay cut as easily as without one.
Employees prefer not having their pay cut. The ones that are dismissed aren’t employees any more, so from the narrow perspective of the organization dismissing them, their morale doesn’t matter. Pay cuts impact the morale of the people still working more than lay offs do.
Now, where pay cuts – especially explicitly and enforceably temporary ones – come with some real measure of job security as a way of avoiding layoffs, that can be different, but that usually only happens where there is a specific contractual arrangement, usually via a preexisting union and labor-management negotiation (and even there its tricky, especially in the private sector, because firm guarantees are hard.)