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Employers were forced to make difficult decisions regarding compensation to protect their businesses and employees from the financial fallout of COVID-19.
Sixty-five percent of U.S. employees said their pay stayed the same or decreased in 2020, according to a report by Elements Global Services, an HR consulting firm. Employees who made less said they took a paycut rather than lose their job. More than half have not seen their pay return to pre-pandemic levels.
Alyssa Place is the editor-in-chief of Employee Benefit News and has been with the team since 2019. Her work covers mental health, DEI, women at work, financial wellness, retirement and workplace … Read full bio
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