Search
 

Companies Aim to Restore Pay, Keep Staffs Lean

Hiring, salary freezes likely to thaw, while healthcare premium hikes likely to stay: survey

By Susan Kelly | Updated on July 14, 2009

As U.S. economic reports inspire cautious optimism, companies are preparing to reverse some of the benefits cuts they have made since last fall but aiming to operate with smaller staffs in the future. More than 60% say they plan to rescind a hiring freeze in the next 12 months, while 55% aim to restore salary reductions and 69% will lift salary freezes, according to a Watson Wyatt survey conducted in early June.

The looser rein on benefits reflects expectations that the economy is on the mend, or soon will be. Of the 179 companies surveyed, 24% say their results have bottomed out, up from the 13% that made that claim in April; 10% say their results are currently at bottom and another 41% expect the recession to be over by the end of this year.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.