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Article:

How the Economy May Affect Your Salary in 2009

Less is more

Small increases, no increases or pay freezes are not meant to de-motivate employees. In tough economic times, it is often a necessary evil to ensure economic stability and longevity for the enterprise and limit the need for layoffs. Remember that sacrifices made now, may help the enterprise as a whole survive difficult financial times and help to ensure that you remain gainfully employed.

 

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