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Front Row Seat with Ken Coleman

Major Pay Cuts Are Coming For 50% Of These Employees

Front Row Seat with Ken Coleman

Ramsey Network

Careers, Business, Self-improvement, Education

4.62.6K Ratings

🗓️ 14 March 2023

⏱️ 29 minutes

🧾️ Download transcript

Summary

The Ken Coleman Show is here to help answer your questions about career, passion and talent so you can maximize your potential and get closer to landing your dream job. Do you have a question for Ken? Call the show at 844-747-2577 or email ask@kencoleman.com. Helpful Resources: Free Guides & Resources The Proximity Principle Facebook Community Subscribe to The Newsletter Articles by Ken Learn more about your ad choices. https://megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

Click on a timestamp to play from that location

0:00.0

Should you leave your 9-5 this year?

0:09.4

And then I'm going to tell you what you need to know about upcoming pay cuts, how they

0:13.1

might affect you and what you do if you have to face it.

0:18.2

Let's go.

0:24.6

Helping you win at work so you can win in life.

0:26.7

This is the Ken Coleman show.

0:28.1

All right, a lot of headlines in the news about executives of big companies taking pay

0:34.3

cuts, some are voluntary, some are not voluntary.

0:38.8

In other words, they've been violent told if you've heard that phrase before.

0:44.0

And this is just the nature of uncertain economic times and companies trying to read the T-Leaves

0:52.2

to the best of their ability when they see economists and people talking about a potential

0:57.6

recession which has been kind of thrown around for the last year.

1:02.5

And yet it hasn't materialized.

1:07.0

But nonetheless, that's the game that big public companies play when you've got a stock price

1:13.8

involved.

1:14.8

They've got to be delivering the right returns for their stockholders.

1:21.8

And so that means they're constantly in this juggling match with revenues and expenses.

1:31.4

And so you'll see a lot of this from time to time.

1:35.4

We're big time executives and big time companies will announce things.

1:40.2

So just, it just can happen.

1:45.2

And we're going to talk about that in the next segment.

1:49.2

But because of that, people are more and more open to this gig economy.

...

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