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25 Percent of Companies Plan to Freeze Salaries in 2009

Your Two Cents: Is Your Salary Frozen?


The outlook for salary growth in 2009 does not look good. Mercer consulting firm conducted a survey about employee pay and released the results just yesterday. Here are the highlights (or not-so-highlights).

  • 25 percent of organizations said they have already decided not to raise their employees' pay in 2009.
  • 20 percent are considering a salary freeze this year.
  • Just one year ago, 5 percent of companies had planned hiring freezes.
  • Mercer predicts that by the end of 2009, one in three companies will have frozen wages at 2008 levels.

Source

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