The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© Thomson Reuters 2020.Mizuho to offer employees 3-day or 4-day weekends
TOKYO©2024 GPlusMedia Inc.
The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© Thomson Reuters 2020.
15 Comments
Login to comment
AMS
Because of the salary cut, almost all employees will hold on the usual 5 days per week.
James
I offer this to some of my employees I call it working part time.
Michael Machida
James, good one! Spot On!
Pukey2
The article forgot to mention lack of proper time management and efficiency.
robert maes
It is just a cost saving matter for Mizuho, a camouflaged way of changing Staff from full time to part time.
Not even well camouflaged. Over staffed anyway, Mizuho.
But lots of space for some more little grey cells in the understaffed skulls of management
timeon
How about overtime? Let's assume that they work 9-6 pm (that's 8 hours + lunch break), if one works an extra 1-2 hours in the morning, and 3-4 hours in the evening, could he/she just go 3 long days, and compensate for the remaining 2, with full salary? I would do that, work hard 3 days, then having 4 days off
kohakuebisu
More flexibility is good. This is still paying people by hours/days on the job though, not output. Anyone who fulfills their work responsibilities in three days instead of five will get a huge pay cut.
Speed
I think this offer of flexibility is great. I know this is a cost-cutting measure but this sure beats laying off a lot of people while forcing those who remain to work 5-day weeks.
I know co-workers and friends who don't want a pay cut but on the other hand they would like to work a bit less and have more free time even if it's for less dough.
I hope more companies go this route.
TARA TAN KITAOKA
MIZUHO forgot to mention the pay cuts that comes with this offer. How many heads will be cut???. Not accurate.
JJ Jetplane
There are more answers needed. If you work 3 days or 4 days, will you still be considered a full time employee? Will you also be forced to meet the necessary hours requirements? If you are still forced to put in a 40 hour work week in 3 or 4 days, then how is the decrease in pay justified?
The good news is that they say they have a little over 56,000 employees so 45,000 employees covers a high percentage.
yakyak
The pay cuts and shorter working hours will morph into lay-offs, be prepared.
Mocheake
Good one. What's the point? More "flexibility" and less pay equals less financial flexibility for everyone I know. Just trying to take care of their bottom line by thinly disguising it as some sort of benefit for employees. Typical of these companies.