Articles Related to pay cut

Nearing the boiling point

After working at a large Midwestern manufacturing company for 22 years, a senior IT design analyst understood that times were tough for her firm, so she didn't complain about the two per cent raise she got in 2003. But this year her empathy turned to irritation when her performance improved but her salary didn't.

Working alternatives to job cuts

A growing awareness of the collateral costs of laying off employees has companies searching for creative alternatives to handing out pink slips at the first sign of financial distress.

HP trims costs with voluntary pay cuts and vacations

To cut costs, Hewlett-Packard Co. (HP) is asking its 88,500 employees worldwide to volunteer to take either eight-vacation days off without pay or a 10 per cent pay cut. Alternatively, employees may opt to take both four-vacation days without pay and a five per cent pay cut.

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