Here’s a problem for HR: Let’s say your business is expected to slow down for several months and then pick up again. For financial purposes you have to trim staff now, but it’d be nice to get these good staffers back when business gets back to normal.
Solution: How about offering employees a paid career break?
That’s what Permanent TSB, one of the largest retail banks in Ireland, is doing.
The bank is taking this action to cover a period when it expects lower business volume from the recession in the Irish economy.
Permanent TSB is offering to pay employees up to 20,000 Euros ($25,400) to take a two-year career break or 35,000 Euros ($44,450) for a three-year break.
The union that represents the bank’s workers has given the plan a cautious OK.
Permanent TSB hopes the career break will appeal to younger workers who might want to travel, according to RET Business.
The bank wants to save training costs by having these employees return after their breaks.
