Salary freeze

(redirected from Salary Freezes)

Salary freeze

A temporary halt to increases in salary due to financial difficulties experienced by a company.

Salary Freeze

A temporary policy in which a company refrains from giving any workers, or a certain subset of workers, any increases in salary or wages. Salary freezes are most common in companies that ordinarily give raises at regular intervals. The policy is adopted when a company is experiencing financial difficulties and wishes to avoid layoffs, if possible. See also: Cutting Hours.
References in periodicals archive ?
oil services companies) have already taken often strong measures, including planned staff reductions, salary freezes, or bonus payout reductions," Weidlich said.
After salary freezes, furloughs and a government shutdown, it is time for federal employee pay to get back on track.
So the past 12 months of salary freezes, redundancies and rising prices were actually the 'good times'.
In this era of public service cuts, where job losses and salary freezes have become the norm, it is quite a pay gulf.
On Thursday, the Cabinet brokered a deal with unions that scraps planned salary freezes for government and healthcare workers.
In 2012, like in other regions, we saw the introduction of salary freezes in a number of Middle East markets.
The report also highlights that fewer organisations in the Middle East are thinking about salary freezes.
The report also highlights that few organizations in the Middle East are mulling salary freezes.
He discusses teacher compensation and pensions, class size, school schedules, online programs for education services, salary freezes, and how to set priorities for situations that require budget cuts.
Of course the medics there, those on a tiny fraction of the pay of their bosses and who are currently facing salary freezes and job losses, would have provided the best possible care - care which is the envy of the world.
UNION members are to hold a protest on salary freezes outside the new Museum of Liverpool today.
The most common way for nonprofits to deal with reduced budgets was reducing services and activities and implementing salary freezes, according to The Effect of the Economy On the Nonprofit Sector, a survey by GuideStar.