wage restraint


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Wage Restraint

An agreement between an employee and an employer not to demand wage or salary increases. Wage restraint may occur when a company is facing losses or lower profits and needs to live within its means. The employee may receive concessions (such as better health insurance) in exchange for wage restraint.

wage restraint

see PRICES AND INCOMES POLICY.
References in periodicals archive ?
Specifically, it enabled them to achieve wage restraint and restructuring objectives.
The main deficit-reducing measures are the increase of the VAT rate, continued reforms of energy subsidies and wage restraint. At the same time, the budget includes a strong social component to ease the burden of adjustment on the poor and the vulnerable.
Prepare, then, for a craze for treadmill desks and wage restraint to pay for them; and for indoor walking tracks complete with traffic lights and mandatory sign-up for two-minutes slots each hour.
We are also told that we must tighten our belts and wage restraint is the order of the day.
What we see from this survey is that employers and employees have been remarkably responsible throughout the recession, accepting wage restraint whilst working hard to keep businesses viable.
They know that they are facing increased costs in the paying for the essentials of life and that they are having to cope with that reality after four years of deliberate wage restraint as this Government makes ordinary men and women pay for the gross failures of the banking and monetary system.
After years of wage restraint, Germans have become more aggressive in their demands for higher pay over the last couple of years, resulting in a higher number of strikes.
Labor needed union support for wage restraint, and that support was contingent on the restoration of universal health insurance in Australia," say Boxall and Gillespie.
Climate change, building on the flood-plain, global pandemics, wage restraint, government borrowing are all cutting-edge topics from the reign of Edward III, not to mention that of Elizabeth II.
THE pay of public sector workers has fallen below that of employees in private firms after years of wage restraint because of government policies, official figures have shown.
A CHARITY claims household budgets are "at breaking point" due to rising costs and wage restraint.
In the real world away from Westminster, people are being pushed to the edge of a cliff by wage restraint, austerity budgeting and the rising cost of living, caused by food inflation and unjustified power price hikes.