Yahoo! To Freeze Wages: Is It A Blunder?

Jan 24, 2009 | 1,948 views | by Navneet Kaushal
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Recession is going on. A lot of companies are laying of their employees and some are freezing the salary hikes of their most deserving employees. Yahoo! is doing the same. The company has recently announced that it would freeze any wage hikes for the year. And not a few, but all the employees are included in the freeze.

And above all, most of the talented people are already leaving the company to seek better prospects outside! And in this scenario, one has to wonder if this is another Yahoo! blunder. In this competitive market, freezing salaries may cause the company to lose their work staff but some of their talented folks as well.
It seems that after massive layoffs, freezing wages is their next strategy to cope up with the economic crisis.

4.thumbnail Yahoo! To Freeze Wages: Is It A Blunder?

Navneet Kaushal

Navneet Kaushal is the founder and CEO of PageTraffic, an SEO Agency in India with offices in Chicago, Mumbai and London. A leading search strategist, Navneet helps clients maintain an edge in search engines and the online media. Navneet's expertise has established PageTraffic as one of the most awarded and successful search marketing agencies.
4.thumbnail Yahoo! To Freeze Wages: Is It A Blunder?
4.thumbnail Yahoo! To Freeze Wages: Is It A Blunder?