<p>With the coronavirus pandemic threatening a sharp economic slowdown, experts are suggesting companies to adopt a humane approach in rationalising their expenses without going for across-the-board pay cuts or freezing of hikes to ensure a faster recovery from the slump.</p>.<p>While contract employees in many sectors, especially those in the manufacturing space, are already losing their daily wages due to a lockdown of plants and various other commercial establishments, several companies are said to be planning pay cuts or at least freezing of hikes due from the next month.</p>.<p><a href="https://www.deccanherald.com/business/coronavirus-experts-urge-india-inc-to-avoid-layoffs-pay-cuts-for-faster-recovery-817081.html" target="_blank">Read more here.</a></p>
<p>With the coronavirus pandemic threatening a sharp economic slowdown, experts are suggesting companies to adopt a humane approach in rationalising their expenses without going for across-the-board pay cuts or freezing of hikes to ensure a faster recovery from the slump.</p>.<p>While contract employees in many sectors, especially those in the manufacturing space, are already losing their daily wages due to a lockdown of plants and various other commercial establishments, several companies are said to be planning pay cuts or at least freezing of hikes due from the next month.</p>.<p><a href="https://www.deccanherald.com/business/coronavirus-experts-urge-india-inc-to-avoid-layoffs-pay-cuts-for-faster-recovery-817081.html" target="_blank">Read more here.</a></p>