Most business owners and employers tend to give their workers employee bonuses or benefits as some would call it. In cases of bad economy or in situation where cost of production becomes too high, do you think its okay for business owners to cut down or completely suspend employee benefits?
Should employee benefits be removed during hard times?
- Thread starter eldavis
- Start date
I think basic benefits such as medical benefits should not be cut. But if the company is not making a profit, it's reasonable not to distribute any bonus to employees.
Yes, so true, I based it on my place, my cousin works in a law firm and the firm did not have a good income so during bonuses releases, they were told that the firm cannot give much to them. They receive only $30 each and she resigned after that hehehe. She is now working in Australia and has a very good salary as an accountant.
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@cherry123, that is right, and I firmly agree that everything happens for a reason the same happening to my cousin because of that instance she decided to resign and found a better place to work.
Yes, my cousin became stronger and never had a grudge against the law firm, she was so thankful for that circumstance. She is now married to an Australian businessman. She is lucky.
If it becomes very difficult for the company to keep paying those employees benefit, I believe that it is logical for them to remove it instead of having it crumble the business completely.
You are so right. We do have standard practices that companies need to abide. If they cannot do them, they will be in difficult consequences. It is how the companies need to follow the standard rules in our country.
The employees benefit is what will keep them moving and it will also help them in a lot of way in terms of finances.
We have to be very realistic as employers too of the expectations we have from our employers else we end up expecting too much. We also have to learn to understand and adjust with sincere bosses. During the lockdown, the organization o worked with paid half salaries and it was understandable.