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.