Managing Compensation in a Downturn

Over the years, Aon Hewitt has assisted our clients through challenging times.  Emerging markets economies move fast and often get hit harder in a downturn. As such, many firms feel that they need to take drastic action.

In a downturn there are numerous issues for Management to deal with.  However, in many industries, human capital can be the largest expense, and usually the first thing firms look at when they need to control costs.

In this paper, we highlight areas of consideration for Boards, Management, and Human Resources, when cost control becomes an issue.

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