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| Would you accept a buyout from your employer?
Posted by Emily Robbins, Managing Editor on 6/17/2009, 3:35 am
Message modified by board administrator 6/17/2009, 3:36 am
We're running a poll about this right now at PND, so tell us what you think — visit our home page and vote. The question came up among our editorial staff after we wrote what may be the first of several stories about grantmakers (Ford, then RWJF) offering early retirement to staff or even eliminating positions when closing down a couple of program offices. The funders say these moves will help them preserve their grantmaking activities as they adjust from losing up to a third of their endowment values in the past year's market decline. What do you think about this? Even now, both of the funders I just mentioned are worth upwards of $10 billion.
What would you make of a similar move by your employer? Times are tough, and our sector has never been known for the kind of salaries that allow workers to put aside a big rainy day fund. On the other hand, some folks are jumping ship and finding ways to float in the Great Recession. A friend just graduated from a six-week training program for women entering the "trades," and is scheduled to take her apprentice electrician's exam next week. What about you?
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