In recent years, industries have found themselves facing hard times because of the changing economy. Each company uses different strategies to counter these changes and keep their business afloat. Some of these strategies include layoffs, diversifying their offerings and pay cuts. For employees, these strategies have their pros and cons. Given the unpredictability of the…
Tag: Paycut
Getting a Pay Cut? What to Do Next?
The economy has constantly been under siege by unforeseen shifts in the world economy like recessions, pandemics and even armed conflict. As a result, companies have to introduce strict actions to keep themselves afloat, such as pay cuts, layoffs and recruitment freezes. Pay cuts entail a reduction in one’s monthly salary. The reduction percentage depends…
Covid-19: Employees asked to Take Unpaid Leave by Companies
Recently, I came across news from both Malaysia and Singapore on employers and businesses are penalising their own employees who are issued with compulsory leave of absence or stay-home notice because they are at risk of contacting Coronavirus or Covid-19 in short.
MiddleMe 