Whether a salary cut is better than a job loss has become an extremely popular topic of discussion these days. Organisations are being forced to take drastic steps like salary cuts to sustain themselves and to avoid any further lay-offs.
So, should an employee be happy about the fact that atleast his/her job remains intact and secure? Well, ideally, every employee should understand that the company is trying its best to sail through these troubled waters and as we support our families through thick or thin, it is our duty to support our organisation too. But then again, as it doesn’t take much to demotivate an employee or disappoint him/her, the impact of a salary cut is certainly there. A setback is a setback, no matter what its quantum is.
But it is imperative that employees understand the depth of the prevailing problem and stay patient and positive until times get better. Everything that goes up has to go down and everything that goes down will come up again! With ample support of employees, hope that organisations do all they can to motivate and encourage their employees no matter how bad things are out there.
So, should an employee be happy about the fact that atleast his/her job remains intact and secure? Well, ideally, every employee should understand that the company is trying its best to sail through these troubled waters and as we support our families through thick or thin, it is our duty to support our organisation too. But then again, as it doesn’t take much to demotivate an employee or disappoint him/her, the impact of a salary cut is certainly there. A setback is a setback, no matter what its quantum is.
But it is imperative that employees understand the depth of the prevailing problem and stay patient and positive until times get better. Everything that goes up has to go down and everything that goes down will come up again! With ample support of employees, hope that organisations do all they can to motivate and encourage their employees no matter how bad things are out there.
POSTED BY: PALLAVI SINGH
PGDM III SEM, 'B'
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