Opinion on reducing business costs on employees due to COVID-19 India 2020

A majority of business respondents to a survey did not foresee reducing employee costs due to the coronavirus (COVID-19) slowdown in India as of mid-March 2020. However, about 17 percent each considered freezing incentives and benefits for the year, and reducing headcount based on performance.
India went into lockdown on March 25, 2020, the largest in the world, restricting 1.3 billion people.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

Coronavirus (COVID-19) impact on ways to reduce employee costs among businesses in India in March 2020

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Source

In cooperation with
LocalCircles
Release date

March 2020

Region

India

Survey time period

March 2020

Number of respondents

4,112 respondents

Method of interview

Online survey

Supplementary notes

Survey question:
"What is the primary way you plan to reduce the employee costs for your business to cope up with the coronavirus slowdown?"

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