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Salary Freeze

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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.


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