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Salary Freeze

What is 'Salary Freeze'

The action of a company suspending salary increases for a period of time. By freezing salary increases for a given period, management is hoping that the company will be able to produce better bottom line results by keeping fixed costs controlled. The downside of a salary freeze for a company is that employee morale will typically take a hit and the firm may end up losing valuable employees due to compensation issues.

Explaining 'Salary Freeze'

A salary freeze typically occurs when a company is experiencing financial difficulties. It may choose to freeze salaries temporarily in order to minimize layoffs. Once the company is in a better financial position, the salary freeze would likely be lifted.


Further Reading


Reinventing school finance: Falling forward
www.tandfonline.com [PDF]
… schedule are held constant, adjustments for experience and education will lead to increased salaries for many … if not all of its staff and is more generous than a salary freeze and mandatory “furlough” days, which together represent an effective salary reduction and …

Financial crisis, austerity, and health in EuropeFinancial crisis, austerity, and health in Europe
www.sciencedirect.com [PDF]
… schedule are held constant, adjustments for experience and education will lead to increased salaries for many … if not all of its staff and is more generous than a salary freeze and mandatory “furlough” days, which together represent an effective salary reduction and …

Economic Stabilisation in Argentina: The Austral PlanEconomic Stabilisation in Argentina: The Austral Plan
www.jstor.org [PDF]
… schedule are held constant, adjustments for experience and education will lead to increased salaries for many … if not all of its staff and is more generous than a salary freeze and mandatory “furlough” days, which together represent an effective salary reduction and …

The economic crisis and its effect on librariesThe economic crisis and its effect on libraries
www.emerald.com [PDF]
… schedule are held constant, adjustments for experience and education will lead to increased salaries for many … if not all of its staff and is more generous than a salary freeze and mandatory “furlough” days, which together represent an effective salary reduction and …

Comparative approach on education and healthcare in Romania and Bulgaria as beneficiaries of the IMF financial assistanceComparative approach on education and healthcare in Romania and Bulgaria as beneficiaries of the IMF financial assistance
www.ceeol.com [PDF]
… schedule are held constant, adjustments for experience and education will lead to increased salaries for many … if not all of its staff and is more generous than a salary freeze and mandatory “furlough” days, which together represent an effective salary reduction and …

Portugal and the global financial crisis: short-sighted politics, deteriorating public finances and the bailout imperativePortugal and the global financial crisis: short-sighted politics, deteriorating public finances and the bailout imperative
www.elgaronline.com [PDF]
… schedule are held constant, adjustments for experience and education will lead to increased salaries for many … if not all of its staff and is more generous than a salary freeze and mandatory “furlough” days, which together represent an effective salary reduction and …

Weathering the storm? Multinational companies and human resource management through the global financial crisisWeathering the storm? Multinational companies and human resource management through the global financial crisis
www.emerald.com [PDF]
… schedule are held constant, adjustments for experience and education will lead to increased salaries for many … if not all of its staff and is more generous than a salary freeze and mandatory “furlough” days, which together represent an effective salary reduction and …

The impact of pension freezes on firm valueThe impact of pension freezes on firm value
repository.upenn.edu [PDF]
… schedule are held constant, adjustments for experience and education will lead to increased salaries for many … if not all of its staff and is more generous than a salary freeze and mandatory “furlough” days, which together represent an effective salary reduction and …


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