Home > business, finance, world > One in four US companies plan salary freeze: survey

One in four US companies plan salary freeze: survey

About a quarter of businesses in America have frozen workers’ salaries for 2009 in the wake of a pessimistic economic outlook, according to a new survey.

Outsourcing and consulting firm Mercer in a survey released on Monday said 25 per cent of organisations surveyed said they have already decided not to raise their employees’ pay, and another 20 per cent are considering a salary freeze this year.

A year ago, just 5 per cent of companies planned to suspend raises for their staff. Mercer predicted that one in three companies will have frozen wages at 2008 levels by the end of 2009.

complete article @ IBNLive

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Categories: business, finance, world Tags: ,
  1. km
    February 10, 2009 at 9:14 pm

    I completely agree with you.
    It is time to get things right and ‘get them right in the right way’.
    Hikes and Bonuses can wait for some time.
    Ofcourse this is my view.

  2. February 10, 2009 at 3:06 pm

    A salary raise is not something that should be taken for granted every year. It depends on the productivity/performance of the individual and that of the company.

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