Who knows anything concrete or even plastic about potential pay cuts or loss of annual bonus as well for those lucky enough to make the surplus cuts and survive several more years after all this dust settles?
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I know some that got over 11% pay and bonus hopefully they are the lucky ones, as you say going forward looks like freeze or cuts
"Expect nothing next Spring (if you're here). easily explained by the "unforeseen challenges" that 2020 brought."
Well, that goes for 95% of whoever is left. The Executive "Leadership" team will meet their self-determined goals for the year (and receive exceptional bonuses) while everyone else will be told they're just lucky to still have a job.
When it comes to bonuses, as with layoffs, the Peanut Butter isn't spread evenly.
Ive heard that our payscales are already high so will be reviewed and no rises for the next 2 years.
I no other companies who havent given rises for years, i guess we have been fortunate and therefore sticking out at a much higher level.
I hope they arent going to cut, i would take a freeze for a couple of years.
What they will likely do is look at the labor market and adjust the target salary ranges (TSR's) of the remaining positions. I'm talking only non-bargained here. Because the TSR is based on the cost of labor, that cost goes down during a depression, and the ranges will probably fall.
The TSR affects the calculation of annual base salary adjustments ('annual raise');
Unless you're in the small percentage of employees that is literally at the top of the range, what that means is that any raises will be slowed or stopped compared to what they would have been. Even if you've only received 1% raises in the past few years, you'll just make less now.
If you're in that tiny percentage of employees that would be making more than the top of your adjusted salary range, you could indeed receive a pay cut, but that doesn't usually take effect until the second year after you exceed the range.
Do you honestly think the company is going to be discussing "bonuses" for 2020 at this time?
They're not going near that topic with a 10 foot pole. Expect nothing next Spring (if you're here). easily explained by the "unforeseen challenges" that 2020 brought.
Re: non bargained for pay cuts...I don't see that happening. Just my opinion.