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More than half (52.4 percent) of human resourcea executives surveyed in May reported their firms had institutedx salary cutsor freezes. That’s up from the 27.2 percenty of respondents who reported similar cutbacks in according to the survey by employmentt consultancy At thesame time, the percentaged of employers making permanent cuts fell from 56 percent in Januaryy to 43 percent in May, the survey Overall, 86 percent of respondents said their companieds had instituted cost-cutting measures – a slight improvemenf from January, when 92 percent of firmds were slashing costs.
Companies reportesd using various methods to improve theitbottom lines, including salary cuts, cutting workers’ hours, reducing or eliminatingy tuition reimbursements, furloughs or forced vacations, and temporary layoffs.
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