How do pay cuts and layoffs affect morale and productivity?
ANALYSIS: A simple lab experiment with nearly 300 participants, attempted to provide an answer.
Ananish ChaudhuriSat, 26 Aug 2023
Recent survey findings indicate that firms struggling in a recession and looking to reduce costs should consider cutting pay rather than laying people off.
The survey, by market research firm Talbot Mills, found that 67% of the more than 1000 respondents thought redundancies in a recession were
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