salary reduction
Smaller paycheck now
A salary reduction is a decrease in an employee's pay, typically expressed as a percentage.
Companies implement salary reductions during financial difficulties as an alternative to layoffs: The company announced a 10% salary reduction for all executives.
Employees may also accept voluntary salary reductions to keep their jobs or reduce working hours.
- pay cutReduction in earnings
- demotionReduction in status
- wagePayment for labor
- incomeRegular monetary receipts
- take-home payEarnings after withholdings
downsizing · layoff · pink slip · austerity · cutback · furlough · belt-tightening · making ends meet · recession · budget · tight budget · cost of living · severance · downgrade · struggling · bills · mortgage · anxiety
- disciplinary actionsreprimand, warning, suspension, demotion, firing
- pay changesraise, pay raise, pay cut, wage increase, pay bump
- penaltiespenalty, fine, civil penalty, criminal penalty, infractions
- wageswage, pay, paycheck, income, earnings
salary reductionsalary increase
Higher compensation rate
pay raise · raise · wage increase · wage hike · cost-of-living adjustment
salary reductionbonus
Reward beyond expectation
performance bonus · signing bonus · year-end bonus · raise · retention bonus
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