Companies Plan to Unfreeze Salaries

January 13, 2010 at 7:17 am Leave a comment

About half of all large U.S. companies that froze salaries for 2009 plan to unfreeze them for 2010, and more than a third of companies that reduced 401(k) matching contributions plan to restore them, according to a survey by consultancy Watson Wyatt. Once reason for loosening their belts: Officials at 37 percent of the companies think that their financial setbacks have bottomed out, compared with 27 percent who thought so in August.

Excerpted from the December 2009 issue of HR Magazine.

Posts on this blog are for information only, and are NOT legal advice.

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