Okay, I make it a practice of never disagreeing with someone - especially when they're right.
In this response, jespah identifies only a handful out of the "thousand" unanswered questions, in fact most of the ones that we'd already discussed (and cringed over) internally. But first, a couple of quick clarification, to help anyone else who's predisposed to add to the response trail:
- None of our employees will actually be separated, they will simply have to forgo eight (8) hours of pay, one time per week (so no severance)
- None of our employees are in a union, so there is not another employing entity we could foist this idea off onto
So, we've already put in place, or discussed, much of these (especially the leave bank idea - in place now
). But let me add to some of the speculative list of questions that jespah already started:
- How do we determine financial hardship (depending on how much/little I've over-indulged financially it might as easy [or hard] on me, as it would be on any other employee), so maybe more importantly - Who makes that decision, and if I'm on the "lending committee", can we approve loans to ourselves?
- How do I establish the interest rate? By the amount borrowed, the person's credit-worthiness, or hey, maybe by their performance rating at work (another interesting idea)
- What about the funds that employees contribute for lending purposes, do they receive any interest on that money and could they pull it back if they chose to (this conjures up images of the Bailey Building and Loan, but in this case, it's probably not A Wonderful Life
- And yes, if these are loans, what do we do if someone defaults? Fire them? Or give them a raise so they can pay back the loan, and if they get to keep the raise forever, wouldn't people purposely default - just to get a raise?
Okay, I would invite more input, but just this handful of questions/answers - in addition to my aversion to having to do "a stretch" at a minimum security federal prison, seems to be positioning this proposal in the Bad Idea category so far.