Udayavni Special

Job cuts, salary adjustments in COVID-19 aftermath not as widespread as expected: Report


PTI, Dec 7, 2020, 9:20 AM IST

New Delhi: Job cuts and salary adjustments have not been as widespread as originally apprehended despite the severe impact on the revenue of companies in the aftermath of COVID-19 pandemic, a study has revealed.

The CII-Talentonic HR Solutions joint research report on ”Reimagining the Organization for the New Normal: Role of HR” has thrown up several insights.

It observed that reducing the headcount has been given seventh priority out of 13 when it comes to what actions were taken to deal with the crises.

Moreover, reducing or postponing salary or other payouts has been given ninth priority out of 13.

Empowerment has mushroomed as organisations struggled to find the agility and flexibility to deal with the crises.

“Despite the severe impact on revenue and cash, very surprisingly, the display of compassion and community outreach have produced a spontaneous level of commitment and loyalty from employees and job cuts and salary adjustments have not been as widespread an occurrence as originally apprehended,” said the report.

According to the report, work from home has solved many problems albeit creating some concerns about fragmentation of cultures.

It said reimagining the organisation and making more permanent design changes requires newer skills and that is a definitive work in progress.

Many of the organisations that were spoken to seemed to be well on the way to a more permanent reset.

Around 250 companies participated in the survey spanning several sectors, conducted between August-end and mid-November.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Bantwal: Land acquisition for BC Road-Addahole highway work completed

Japan PM says Fukushima wastewater release can’t be delayed

Kashmiris not involved in recent civilian killings: Farooq Abdullah

Decide on CM post will be taken after winning 2023 assembly election: Siddu

Russian filmmakers, cosmonaut return to Earth after filming first movie in space

Grand Mosque in Mecca drops social distancing, worshippers pray shoulder-to-shoulder for first time since pandemic

India’s warm-up worries: Kishan or Rahul as second opener, Hardik’s batting position

Related Articles More

FinMin to seek Cabinet nod for setting up company to monetise land assets of privatisation-bound CPSEs

India has right to 30% stake in Iranian gas field even after contract to local firm

Gold ETFs attract Rs 446-cr in Sep; inflow may continue in coming months on festive season demand

Procurement of expensive aircraft parts to be done after approval of senior official: Air India

HDFC Results: Bank’s Q2 consolidated profit rises 18% to Rs 9,096 crore

MUST WATCH

Gowli Traditional Dance Performence at Dandeli

Mysore Dasara 2021 : Farewell to Dasara Elephants

Benefits of paddy farming

UDAYAVANI NEWS BULLETIN|17/10/2021

Police raid on a beef shop in Arakalgud


Latest Additions

Bantwal: Land acquisition for BC Road-Addahole highway work completed

Japan PM says Fukushima wastewater release can’t be delayed

Kashmiris not involved in recent civilian killings: Farooq Abdullah

Rahul slams govt over rising fuel prices

Kerala rains: PM speaks with CM Vijayan to discuss situation

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.