Employers Plan to Unfreeze Salaries, Yet Layoffs Still Loom

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Published in World at Work October 29, 2009 

Approximately half of the companies that froze salaries and hiring in the past year now plan to unfreeze them in the next six months, according to the latest update to an ongoing series of surveys.
Despite this change, employers continue to be concerned about their ability in the short- and long-term to attract and retain critical-skill employees, according to the surveys by Watson Wyatt. According to the survey, 54% of employers that froze salaries plan to unfreeze them within the next six months, a sharp increase from 33% in August and 17% in June. Almost half (49%) also plan to reverse hiring freezes at least partially in the next six months, compared with 38% two months ago.

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