When Things Go Wrong, What Happens to Total Compensation?
Too Long; Didn't Read
An economic downturn can affect any company and lead to financial adjustments that could affect our compensation. Each component of your total compensation can be affected differently by different events at your company. If there’s a big layoff and you get let go, then there goes your compensation. There are still things, you can do to protect yourself and your compensation, including how you can act in all of these situations. Even with a company laying off, compensation changes can be drastically different to what you expect.