Future of work newsletter free subscription Future of work newsletter free subscription Future of work newsletter free subscription
  • Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Nexudus - Tech Stack Lovers
Home Workforce

ResumeBuilder.com Survey Reveals 3 in 10 Employees Are Willing To Take Pay Cuts, Demotions To Survive Layoffs

Employees are willing to make compromises to avoid layoffs, including working on the weekends, taking on less desirable tasks and forgoing time off

Allwork.Space - PressbyAllwork.Space - Press
July 17, 2024
in Workforce
Reading Time: 2 mins read
A A
ResumeBuilder.com Survey Reveals 3 in 10 Employees Are Willing To Take Pay Cuts, Demotions To Survive Layoffs

More stories for you

Young Workers Are Ditching Degrees for TikTok Fame and Million Dollar Side Hustles

Young Workers Are Ditching Degrees for TikTok Fame and Million Dollar Side Hustles

14 minutes ago
AI Cuts 80,000 Tech Roles, But Non-Tech Workers See $18K Pay Jump

AI Cuts 80,000 Tech Roles, But Non-Tech Workers See $18K Pay Jump

21 minutes ago
NASA Says 20% of Staff to Leave

NASA Says 20% of Staff to Leave

24 minutes ago
India’s Top IT Firm TCS to Cut 12,000 Jobs

India’s Top IT Firm TCS to Cut 12,000 Jobs

27 minutes ago

ResumeBuilder.com, the premier resource for professional resume templates and career advice, has published a recent survey report examining how layoffs would impact workers and what compromises they would be willing to make to avoid losing their jobs. The survey collected responses from 1,250 workers in the United States.

According to the survey, 76 percent of workers would be willing to work weekends to avoid being laid off. Similarly, 58 percent would accept less desirable work, 48 percent would forgo taking time off in the foreseeable future, 43 percent would endure a longer commute, 38 percent would relocate, and 37 percent would switch to a part-time or freelance position. Additionally, 32 percent are willing to accept a demotion, and 31 percent would agree to a pay reduction.

Advertisements
Disaster Avoidance Experts

“When facing a potential layoff, negotiating to retain your position, even if it involves a pay cut or longer hours, can provide valuable time to explore other options, such as seeking additional income or initiating a job search,” says Resume Builder’s Chief Career Advisor Stacie Haller. “Staying employed while you evaluate your next steps can offer stability and a clearer path forward.”

Workers express concerns about being laid off, including the ability to pay rent or mortgage, losing benefits, affording food, disappointing family, finding a new job, and the negative impact on their mental health. Among respondents, 19 percent report that they could sustain their current lifestyle for only one week or less if they were laid off. Twenty-two percent say they could manage for two to four weeks, 28 percent for one to three months, 15 percent for four to six months, 6 percent for seven to 12 months, and 10 percent for more than a year.

Advertisements
Workspaces Run Better On UltraSoftBIS

This survey, commissioned by ResumeBuilder.com and conducted online via Pollfish, was launched on June 26, 2024. Overall, 1,250 workers participated in the survey. To qualify, all participants had to be over 18 and currently employed for wages. To view the complete report, please visit: https://www.resumebuilder.com/3-in-10-employees-willing-to-take-pay-cuts-demotions-to-survive-layoffs/

ABOUT RESUMEBUILDER.COM
ResumeBuilder.com provides templates to help job seekers create professional resumes. The website also offers up-to-date resources and machine-learning tools. With a team of certified resume writers, recruiting experts, and hiring managers, users gain a competitive advantage and confidence to get hired faster. To learn more, visit: https://www.resumebuilder.com/.

Advertisements
Subscribe to the Future of Work Newsletter
Tags: Workforce
Share11Tweet7Share2
Allwork.Space - Press

Allwork.Space - Press

The Allwork.Space Press Room enables brands to broadcast their innovations and achievements, providing a streamlined channel for disseminating news and fostering meaningful dialogue with industry pioneers and thought leaders, ensuring their participation in shaping the Future Of Work®. Submit your Press Release Here

Other Stories Recommended For You

Young Workers Are Ditching Degrees for TikTok Fame and Million Dollar Side Hustles
News

Young Workers Are Ditching Degrees for TikTok Fame and Million Dollar Side Hustles

byFeatured Insights
14 minutes ago

When Gen Alpha dreams about the future, fewer and fewer are imagining the white lab coat or briefcase wishes of...

Read more
AI Cuts 80,000 Tech Roles, But Non-Tech Workers See $18K Pay Jump

AI Cuts 80,000 Tech Roles, But Non-Tech Workers See $18K Pay Jump

21 minutes ago
NASA Says 20% of Staff to Leave

NASA Says 20% of Staff to Leave

24 minutes ago
India’s Top IT Firm TCS to Cut 12,000 Jobs

India’s Top IT Firm TCS to Cut 12,000 Jobs

27 minutes ago
Advertisements
Nexudus - Tech Stack Lovers
Advertisements
Nexudus - Tech Stack Lovers

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
 
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

      Update Required Flash plugin
      -
      00:00
      00:00