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Slash Jobs or Decrease Pay? |
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 In the events of an economic downturn, what would be the likely choice for key decision makers when they want to cut down operational cost? For most corporations out there, wages is likely one of the biggest contributors to their operational cost.
According to history, companies would be likely to fire their workers rather than asking them to take a pay cut.
Just imagine this – companies are more profitable whenever they fire workers who under perform rather than asking them to take a 40% pay cut over their salaries. In fact, this might just be the right ‘opportunity’ to trim their workforce which does not perform up to standards.
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