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Legal Aspects Of Salary Reduction: What You Should Know
Salary reduction is a term that refers to a reduction in pay, usually as a result of an employer’s decision to cut back on costs. While it may seem like a straightforward concept, there are several legal aspects of salary reduction that you should be aware of. In this article, we will discuss these legal aspects and provide you with all the information you need to know. Understanding Salary Reduction Before we dive into the legal aspects of salary reduction, it’s important to understand what it is and why employers may choose to implement it. Salary reduction is when an employer reduces an employee’s pay, either temporarily or permanently. This…