Tip #545: Is Docking Pay a Co-Investment in Training?

On November 24, 2014, Posted by , In management and leadership, By ,,,,,,, , With Comments Off on Tip #545: Is Docking Pay a Co-Investment in Training?

“Craft is common both to skill and deceit.” Winston Churchill

According to “Computerworld,” IBM apparently cut the salaries of certain members of their Global Technology Services group by 10% in September of this year. The stated reason? “Some managers and employees have not kept pace with acquiring the skills and expertise needed to address changing client needs, technology, and market requirements.”

The 10% salary cut was explained as a “co-investment in training,” despite the fact that IBM had traditionally paid employees for time spent in training.

This entire situation raises a number of questions and concerns for me.

  • Whose responsibility is it to see that managers and employees have the requisite knowledge and skills they need to perform their
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