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CCP staff offered the option of being paid foreign currency during economic crisis Options · View
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#1 Posted : Monday, August 10, 2009 5:00:00 PM

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During our troubled economic times, one sometimes forgets that currency is in a constant state of fluctuation. When times get really harsh, the value of the currency can wildly go back and forth between numbers, creating a sense of unease as people don't know what their currency is worth.

CCP Games, however, took up a new approach to paying their employees when the Icelandic Krona was volatile earlier this year -- paying their employees in foreign currency.

Employees were offered the option to accept paychecks in foreign currency, if they so wished, to provide employees with a stable income from a stable currency rather than receiving checks with the Krona. The move was easy on CCP's part, as the company is located in China, Iceland, and the United States and makes most of their revenue in foreign currency anyway.

Continue reading CCP staff offered the option of being paid foreign currency during economic crisis

MassivelyCCP staff offered the option of being paid foreign currency during economic crisis originally appeared on Massively on Mon, 10 Aug 2009 12:00:00 EST. Please see our terms for use of feeds.

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