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; Documenting these guardrails (setting grade midpoints to the 60th percentile of a blended survey cut, for instance) can reduce debate, accelerate onboarding and keep future configuration changes tethered to strategy. 2.

cut about 3,000 workers last summer and signaled earlier this year that more layoffs could be coming as it tries to streamline its vehicle offerings and accelerate its own cost-cutting efforts.

Access a related Workspan Daily article on this subject: ‘Year of Contention’: Employers Mull Tight Budgets, Pay Expectations; Where Employers Are Cutting Payscale’s latest Compensation Best Practices Report found organizations are reducing costs in certain areas: ;Pay increases (18%); ;Salary offers (14%); ;Hiring less experienced talent (15%); “The most visible cuts are in salary budgets, back toward that 3% level that no longer builds in inflation-fueled increases,” Scott-Wears said.

EA to Cut 5% of Workforce Video game company Electronic Arts announced Wednesday that it will cut 5% of its workforce, part of a plan that includes reducing office space and ending work on some video games.

Spotify to Slash 200 Jobs Spotify announced on Monday that it plans to cut 200 jobs, roughly 2% of its workforce, the Wall Street Journal reported .

Existing workers did not receive pay cuts.

Key Takeaways ;Economic Uncertainty and AI Anxieties Among Employees’ Concerns; ;Hiring Managers Eye Permanent, Contract Workers to Close Skills Gaps; ;PwC to Limit Workplace Options for New Hires; ;Target to Cut 500 Distribution, Regional Jobs to Focus More on Store Labor; ;Figures and Facts of the Week; (Editor’s note: Visit the Feb. 11 federal news roundup to find the January U.S. jobs report.)

As a result of this situation, some organizations may choose to cut, retool or rebrand DEI efforts, said Elissa Tucker, the principal research lead in human capital management at the American Productivity & Quality Center (APQC).

The financial security employees experienced with this pay increase produced a variety of outcomes that are still present years later: ;Turnover dropped nearly 20% below its organizational average in the first year.; ;Team members also increased 401(k) contributions 130% during the first year.; ;More employees started families, bought homes and moved closer to work (reducing commute times and improving quality of life).; ;Within six years, the company doubled its staff.; ;The company’s turnover rate was cut in half, enabling the team to keep expertise, which led to improved client outcomes.; ;During the pandemic, employees voluntarily took temporary pay cuts to keep the company afloat.

Do: Focus on Scenario Planning and Optimization Don’t: Focus on Cutting Costs Cutting costs is a tried-and-true tactic for leaders to ensure the business is fiscally responsible in tight times.