Economists have long argued for this flexibility in pay over the economic cycle – remuneration going down when times are hard and going up when times are good. Pay takes the strain rather than jobs. The difficulty has been persuading workers to accept that cuts in their pay are fair.
What you do is split pay into two parts. There\’s base pay, something that exists in good times and bad, and then you add a bonus to pay when the times are good for the organisation as a whole.
The problem is that you don\’t like that either, do you?