Cost-Cutting Beyond Layoffs

Cost-Cutting Beyond Layoffs

Cost-Cutting Beyond Layoffs

Surveyed HR professionals who said their company has had to cut costs in light of the current economic situation: January: 91.8%May: 85.7%
As the rate of increase in new unemployment claims slows, a survey report released by outplacement consultancy Challenger, Gray & Christmas shows that human resource executives are resorting to salary cuts and pay freezes to cut costs, rather than cutting jobs outright. Comparisons are with an earlier survey by the firm.

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