American Firms Cut Bonuses, Pay Raises, Benefits As Crisis-Coping Mechanism By: AHN Staff

New York, NY (AHN) – Of 1,000 medium to large U.S. companies surveyed by human resources company Mercer in October, 40 percent will cut the budget allocated for salary increases in 2009. The reduction is part of the cost-cutting measures to be adopted by American firms to cope up with the …