Firms that don't loosen up on COVID-19 austerity measures may lose out in the war for talent. (Credit: zimmytws/Shutterstock.com) Firms That Keep Pay Cuts in Place May Lose Ground in Hiring Market
Firms may be thinking about retention and lateral hiring when deciding whether to roll back austerity measures related to the coronavirus pandemic.
August 28, 2020 at 06:51 PM
5 minute read
A number of firms are now rolling back temporary pay cuts made in response to the COVID-19 pandemic, likely with an eye on their immediate financial condition. But in the decision to restore pay, even partially, future hiring and retention prospects are a major consideration as well.
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