Showing posts with label layoff. Show all posts
Showing posts with label layoff. Show all posts

Tuesday, April 14, 2020

Post lock down scenario for Employees.

What to expect / foresee :- 

Deferred Pay cut. The cut will be paid at a later date.
Reduction in perks; and permitted values.
Reduction in adhoc staff welfare payments.
Switch to pooled cabs / vans from exclusive car / fuel allowance.
Differential salary ; working at office & work from home.
Reduced declared work days, leading to reduced salaries.

Reduction in Salary ; fixed or differential cuts.
Reduced Increments.
Reduced Bonus.

Cancellation of leave encashments
No Increments
Minimum statutory Bonus; No Bonus (if possible)
and last 
Be Employed ; Lay-offs are possible.

Dhakshina Moorthy K M