See hidden discussions | Win great prizes | Get free support
Isn't the pay cut supposed to be temporary? As in, your salary is still your salary, but you now only get paid a percentage less for the time being.Our management has guaranteed no salary cuts for the financial year, and bonuses will proceed as usual (end of the year).
It will be interesting to see what salary increases will look like in the next financial year; will people who lost 20% and upwards get 20% back in the next financial year, or will companies be conservative with the increases?
This is what I would like to know as well; companies that told the public they proceeding with salary cuts, did not make the time frame clear, so I assume the cut would remain in effect for this financial year.Isn't the pay cut supposed to be temporary? As in, your salary is still your salary, but you now only get paid a percentage less for the time being.
If my salary was "rolled back" two or three years worth, and I had to take the 5% annual increases every year to get back to where I was over a three year period, I would be very unhappy.