By Tina Radford · 16 June 2009 · Locked
As the financial year comes to a close, businesses are facing unprecedented challenges. Will your salary be spared or frozen in the battle to stay afloat?
I’ve always seen the end of financial year as traditionally being a time for pay rises, bonuses and added incentives but this year I’m seeing a whole new ball game. It’s no longer as simple as handing out pay rises – businesses are facing a new set of challenges, with many fighting to maintain profitable and generate positive cash flow, in an effort to avoid laying off staff, salaries are being put on ice.