Among the respondents, 39% reported they will hire more staff in the coming three months while 45% of them will freeze head count in the coming three months. On the other hand, only 4% of them will decrease the number of head count.
Budget Control in the Past Three Months
To prepare for the worsening economy, 78 of the respondents (76%) have already taken various methods to control the budget and cut cost. Among respondents who took action to cut cost, 74.36% chose to freeze employees¡¦ salaries. Other popular methods include reducing business trip frequency (52.56%), reducing daily expenses such as electricity, water (51.28%) and reducing entertainment expenses (50.00%). Only 24.36% of them chose to lay off staff and 12.82% chose to deduct salaries.
Remarks: Percentages in the graph are calculated based on the feedback of respondents who took plans to cut cost in the past three months (78 respondents)
