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
Retirement Benefits
Onboarding
Paid Leave
People Management
Job Descriptions
Employment Contracts
Retirement & Recognitions
Data Security
Background Checks
Risk Management
Downsizing
Ethnicity
Educational Assistance
Networking
Pay Equity
Records & Reports
Age
Discrimination
Employment Offers
Teamwork
Employment Testing
Leave Management
Benefits Reporting & Disclosure
Opening & Closing
Consultation
Raise
Succession Planning
Policies & Practices
Global Mindset
Executive Compensation
Parental Leave
Intellectual Property
Severance Pay
Mental Wellness
Time Worked
Dependent Benefits
Campus Placement
Sexualy Harassment
Eligibility Verification (I-9)
Bonuses & Incentives
Benefits Compliance
Fiduciary Duty
Firing
Retention
Affirmative Action
Emergency Response
Workplace Stories
Benefits
Drug & Alcohol Testing
Privacy
Tags
Article
Know the Work Habits of Highly Effective Employees
The employees are the most valuable assets of any organization. It’s their credibility, efficiency, ...
Top 5 Challenges of HR Professionals During COVID-19 Pandemic
When it comes to the talks of the unemployment rate due to COVID-19, experts compare it to the Grea ...
A Quick Look at The Great Resignation
The Great Resignation, as experts call it, is a rather fitting term for a phenomenon where millions ...
Avoid These 5 (Obvious) Mistakes in Your Job Application
Today’s market is a competitive one – especially after the COVID-19 pandemic. Unlike 2019, when the ...
Comments