Salary freeze

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 ?
Summary: Dino Varkey, CEO of GEMS Education says the salary freeze has been reversed
The salary freeze plan that the Senate sent to the House would have required a roll call on whether to implement the freeze or accept the raise.
The chancellor's pay hike stands in contrast to 2 percent raises negotiated late last year with some union workers at the medical school and with a previous salary freeze for all university employees earning $120,000 a year or more.
Those affected by the salary freeze include 71 physicians; 59 in health occupations; 75 administrative, technical, and maintenance staff; and 41 from other occupations, the ministry explained.
Half of those surveyed said they implemented a salary freeze and 58 percent reduced activities or services while 38 percent resorted to layoffs.
proposed in my Budget for Fiscal Year 2011 a salary freeze for senior
16 July 2010 - Bank of Ireland (ISE:BKIR) will axe by 5% its workforce and embark on a salary freeze as part of the requirements of the European Union to clear its restructuring plan, the bank said Friday.
Of them, 6,880 workers, or 67.3 percent, approved the agreement, which includes a base salary freeze and no bonuses for this year.
Steps taken during the fall session include extending a salary freeze for management and non-union employees and freezing the size of government.
Please back the salary freeze because the opposite discredited us so much before the Bulgarian people that we should not even hold this more than hour-long debate.
[ILLUSTRATION OMITTED] LOWERED OR WILL LOWER THE 82% LAW DEPARTMENT TRAVEL BUDGET CUT OR WILL CUT THEIR MEETING 77% AND TRAINING BUDGETS IMPLEMENTED OR WILL IMPLEMENT 51% A SALARY FREEZE FOR LAW DEPARTMENT STAFF REDUCED OR WILL REDUCE THE 30% NUMBER OF IN-HOUSE LAWYERS
Overall, 56 percent of companies have instituted a salary freeze and a hiring freeze since the economic crisis began, and 25 percent have reduced their employer match.