Businesses plan more layoffs, hiring freezes in 2020
The wrath that the virus has unleashed at the start of the year is far from over. Things don't seem to get better as we see a resurgence in cases. According to a survey conducted by The Conference Board last month, nearly 1 in 10 businesses plan to layoff workers in the final three months of the year. Also, this quarter, 11% of businesses plan to reduce bonuses, 8% expect to defer raises or bonuses, and 12% say they’ll freeze hiring or restrict it to critical roles – adding to the 15%, 31%, and 77%, respectively, that took those actions earlier this year, according to the survey. To know more, click here.
Category
HR Careers
Closing
Intellectual Property
Employment Branding
Records & Reports
Parental Leave
Retirement Benefits
Privacy
Eligibility Verification (I-9)
Religion & Spirituality
Risk Management
Termination
Vendors & Software
Sexualy Harassment
Succession Planning
Employment Contracts
Benefits Compliance
Leave Management
Ethical Practice
Ethnicity
Workplace Harassment
Compensation & Benefits
Employment Offers
Disability Benefits
Employment Law & Compliance
Severance Pay
Substance Abuse
Background Checks
Religious Accomodations
Mentoring & Coaching
Promotion
Global Mindset
Change Management
Electronic Records Management
Affirmative Action
Disaster Preparation & Response
Employment Testing
Relationship Management
Employee Relations
Wellness Benefits
Work Life Integration
Employee Engagement
Business Acumen
Dependent Benefits
Salary Surveys
Communicable Diseases
Social Media
Benefits Reporting & Disclosure
Mental Wellness
Workplace Wellness
Tags
Article
What Why and How of Background Checks A Useful Guide for Staffing Agencies
Background checks are one of the pre-employment requisites to prevent bad hires. About 96% of emplo ...
Did You Lose Your Job During COVID-19? Here’s What to Do
First of all, know that you’re not alone in this. About 20.6 million Americans have lost their jobs ...
How Startups Can Ensure Success While Working With Freelancers
However, the scenario has changed drastically in the last ten years. According to a report by Forbe ...
Don’t Fall Prey to These Job Scams
When people are looking frantically for employment, scammers get a chance to exploit their weakness ...
Comments