COVID-19 pandemic fuels North American employers to pursue cost-containment strategies, Willis Towers Watson survey finds
Willis Towers Watson Public Limited Company - Ordinary Shares (WLTW)
Last willis towers watson public limited company - ordinary shares earnings: 4/30 06:01 am
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Source: GlobeNewswire
ARLINGTON, Va., March 30, 2020 (GLOBE NEWSWIRE) -- As concern over the effect that COVID-19 will have on their businesses escalates, North American employers are eyeing a series of cost-containment strategies that include hiring freezes and, to a lesser extent, wage freezes or delayed raises, according to a survey by Willis Towers Watson, a leading global advisory, broking and solutions company. Additionally, some employers are paying premiums to mission-critical employees and subsidies to help employees manage costs related to working remotely. “Companies’ highest priorities remain the physical and financial wellbeing of their employees,” said Adrienne Altman, managing director, North America head, Rewards, Willis Towers Watson. “However, amid heightened concern over the impact the virus will have on their operations, companies have started to implement some of the same cost control measures we saw during the last recession.” Among the key findings from Willis Towers Watson’s lat
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