Karen Challinor

UK

staring at clouds

"Resignations are on the increase in the UK tech sector as bonus payments fall and pay rises drop below the national average."

this practice is referred to as "Shaking the tree" and falls just short of "constructive dismissal"

people who resign do not need to be paid redundancy money and lose their severance package and probably their pension too, so it's a cheaper way to get rid of unwanted staff

lowering pay and bonuses in conjunction with spreading the work from those who do leave among those who stay is a very good way for managers to reduce head count cheaply

the shareholders and senior management reap the dividend of the reduced salary and pension requirements but strangely the company is no more profitable than it was so the workers get further reductions in salary and bonus