May 29, 2020
ClearCompany Adds Texting Feature
Finally...Salary.com has released new survey data that shows 66% of employers either reduced their workforce or negatively impacted employee pay in response to COVID-19, though just 10% of survey respondents expect the layoffs to be permanent. The survey revealed that 32% of employers laid off people (temporary or permanent), 10% saw a reduction in base pay, and 21% reduced variable pay (including bonuses and commissions). In addition to the expectation that 90% of layoffs may be temporary, 65% of employers reported that base pay remained unchanged and 45% say they are leaving merit raises in place in 2020.
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