Businesses are revising their designs for bonuses and other incentive payment as the coronavirus pandemic upended economical forecasts and executives managed via a after-in-a-life span economic downturn.
The pandemic has experienced a disparate result on companies’ harmony sheets, leading to soaring earnings in some industries, these types of as on the internet retail and groceries, and steep losses in other folks, for case in point hospitality and vacation.
More than a quarter of massive U.S. companies initially lessened govt salaries in the spring, in accordance to Equilar Inc., a info supplier. The cuts, at providers together with
Walt Disney Co.
General Motors Co.
United Airlines Holdings Inc.,
marked a reversal adhering to several several years of wage will increase in the C-suite. But they had been short-term, as a lot of providers restored supervisor salaries in the latest months.
Now, as businesses are having completely ready to spend