COVID-19 has had significant impacts on all aspects of business. While employers are assessing how to handle immediate employee needs related to sick leave, family leave and benefits claims, employers should also consider the impact that changes in their workforce or economic conditions will have on their compensation plans and programs.
Click here to read the next post in a series addressing the impact that COVID-19 has had on executive compensation issues. In their second post, our colleagues Andrea Rattner, Colleen Hart, Josh Miller, Seth Safra, Kate Napalkova and Katrine Magas discuss certain issues that employers should take into consideration before implementing salary and wage reductions.
Executive Compensation Considerations For COVID-19 (Salary/Wage Reductions)
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
