I'm really amazed at the stupidity of people who are throwing away allowances for short-term gain. You know the deal, drop penalty rates, over-time, etc for a sizeable increase in salary.
It looks really nice upfront - until you get burnt.
I know of a recent example where exactly this occurred in a MAJOR (ASX100) employer. A bunch of IT support staff accepted a $4000 increase in salary in leui of overtime, penalty rates and on-call allowances to provide 24x7 IT support. Up front it looked fantastic.
Problem was, they received no further increases in Salary for nearly 5 years!
See the problem? That $4000 is now a $0 increase thanks to inflation - and they no longer have any penalties, overtime or on-call provisions.
People - OPEN YOUR EYES - stop looking at the short term and think long term. What appears good on paper today could well bite you in the arse in a few years time!
Howard must be laughing all the way to the polls!!!!
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