In a situation of economic downturn, how would you adjust salary structuring to maintain employee motivation while managing costs?
- Explore flexible work arrangements
- Freeze salary increments temporarily
- Implement across-the-board salary cuts
- Introduce performance-based bonuses
During an economic downturn, maintaining employee motivation is key. Introducing performance-based bonuses allows employees to earn rewards based on their contributions, providing motivation even in challenging times.
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