How Do You Reduce A Salary Because Of Company Financial Problems?
If a company is having financial problems, salary decreases are often considered, which can lead to employee concerns. When considering decreasing one or several salaries within an organization to help deal with financial problems, several factors should be considered to try to alleviate worry and still offer a reasonable salary. Do market salary analysis for the salary you are decreasing. Use free salary comparison tools to compile a report regarding the average salary for the position. Use sites such as the Bureau of Labor Statistics and Salary.com to compare the salary for the job title you will be decreasing. If the comparisons show the salary your company offers is higher, it will assist in negotiating a lower salary. Review offered advice to employees regarding a salary decrease. Many Internet employment sites offer advice to employees receiving a salary decrease. Reviewing sites to understand how the employee may react will prepare you to deal with the employee’s possible negoti
