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
Overtime Pay
Employee Data Privacy
Employment Law & Compliance
Contracts & RFPs
Inclusion, Equity & Diversity
Open Enrollment
Vendors & Software
Salary Surveys
Educational Assistance
Ethnicity
Career Development
Health Care Benefits
Campus Placement
Policies & Practices
Work Visas
Intellectual Property
Affirmative Action
Talent Acquisition
Substance Abuse
Retaliation
Workforce Planning
Executive Compensation
Employment Testing
Retirement & Recognitions
Records & Reports
Workplace Culture
Benefits
Employment Contracts
Remote & Hybrid Work
Opening
Organization & Employee Development
Electronic Records Management
Business Continuity
Contemporary Issues
Mentoring & Coaching
Investigations
Severance Pay
Employee Conduct
Onboarding
Employment Branding
Workplance Violence
Parental Leave
Workplace Stories
Workers' Compensation
Leadership &
Communicable Diseases
Job Descriptions
Sexual Orientation
Organizational &
Consultation
Tags
Article
How to Cope with America’s Return-To-Office Plans
If you’re looking forward to shifting from remote to in-office work, here are a few ways to cope wi ...
How you can pay off student debt while you work
Student loan debt is a crisis that has been making its way through The United States for quite some ...
A Quick Look at The Great Resignation
The Great Resignation, as experts call it, is a rather fitting term for a phenomenon where millions ...
Are 4 day work weeks the future?
Robert Owen, a Welsh textile mill owner, social reformer, and labor activist came up with a slogan ...
Comments