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What is the appropriate notice period to give for reducing salary by 5 percent due to restructuring?
It depends on the length of service, age and position of the employee, as well as whether he/she has a written contract in place. Other important factor is the dollar amount corresponding to the 5% reduction and whether the terms of employment contemplate fluctuations in pay. Feel free to contact us at the number below to arrange a consultation. Lumi Pungea