Temporary Pay Reduction Agreement

Temporary Pay Reduction Agreement — Form Fields

This hr template includes 9 fields. Document employee consent to a temporary voluntary pay reduction during cost-cutting periods. Free to customize and use on ZenBuild.

• Employee Name (text, required)
• Employee ID (text, required)
• Current Annual Salary (text, required)
• Agreed Reduction Percentage (number, required)
• Effective Start Date (text, required)
• Planned End Date or Review Date (text, required)
• Employee Statement of Understanding (long text, required)
• Was this reduction mutually agreed upon? (multiple choice, required) — options: Yes, No – this was a company mandate
• I consent to this temporary pay adjustment (checkboxes, required)