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(9/9) Salary Freezes, Pay Cuts Top Worker Concerns Amid a Recession

By Joanne Kaldy / September 9, 2022

Workers are worried about the state of the economy, and this may benefit employers. According to a new worker survey:

  • 67% of respondents said they are “very likely” or “definitely” planning to stay at their current company. Benefits and compensation were the top reasons for this decision.
  • 43% said they’re concerned about the impact economic uncertainly might have on their professional life.
  • 62% said they expect people (including coworkers) to be more stressed and tense if the economy takes a downturn.
  • 45% said that layoffs would cause their team to be short-staffed.
  • 43% of workers said they believe they’re less likely to get a raise in the coming months.
  • 37% said they expect their hours to be cut, and 32% said they think they’ll have to work harder to prove their worth.

Read the full article.

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