The research article titled "How Should Employers Handle Salary and Leave Period Facing Epidemic?" authored by Weiwei Gu, Angela Sui, and Suri Hu explores the impact of the COVID-19 pandemic on employment and salary management within companies. The study highlights several strategies employed by businesses in response to the crisis:
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Salary Suspension: One company temporarily halted work for its employees for two months, paying only 80% of the minimum wage.
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Voluntary Pay Cuts: Another firm's Human Resources department requested employee input regarding voluntary reductions in pay. This ranged from 5% to 15%, with the voluntary pay cut period lasting up to six months. Following successful funding rounds, the company planned to repay the amount of pay cuts by a factor of 1.3 times.
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Promotion Suspension and Cut: Lastly, a third company decided to halt promotions and cancel some activities due to the pandemic.
The article likely discusses the implications of these measures, potential legal considerations for employers, and employee reactions to such changes amidst the ongoing health crisis. It might also explore the balance between maintaining business continuity and ensuring fair treatment of employees during uncertain times.
