Picture this – you come to office on a usual day and get to know that your employer has decided on implementing salary cuts. Panic not, as this is quite a common scene in offices these days and experts say that you can sail through it.
Most people argue that salary cuts are still better than being laid-off, but the fact also remains that it has its repercussions too. Experts say that no organisation wants to take such a decision unless it is absolutely unavoidable. “Pay reduction during times of recession is demoralising for employees and is the last step a company would ever take, after it has exhausted other cost-cutting measures,”
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