Legal Question in Employment Law in Virginia
salary reduction from employer view
I may have started my employees off with more than the company can afford. Given the current economic crisis the business is struggling. am I allowed to reduce salaries until we can pick back up to avoid layoffs? I don't want to lose them but I don't want to close business either.help.
Asked on 8/11/08, 7:34 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: salary reduction from employer view
Unless you're committed under a contract to continue with such payments as salaries to your employees, you can reduce them at any time.
Answered on 8/11/08, 9:03 pm
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