giveback
noun[C]
HR,FINANCEuk/ˈɡɪvbæk/usareductioninemployees’paywhen abusinessis havingproblems, usually made on theagreementthatpaywill beincreasedagain whenbusinessimproves:
The giveback wasvoluntaryand eachindividualwasfreeto make thedecisionbasedon his or her ownpersonalsituation.