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March 28, 2023

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Are Raises Making a Return?

Slowly and tentatively, some companies are rescinding pay cuts made during the recession, The Wall Street Journal reports. Thirteen percent of companies cut pay between late 2008 and October 2009, and 29% of those planned to rescind the cuts in the following 12 months, according to an October survey of 875 human-resources employees by the HR association WorldatWork. About 15% said the pay cuts were permanent.


Slowly and tentatively, some companies are rescinding pay cuts made during the recession, The Wall Street Journal reports. Thirteen percent of companies cut pay between late 2008 and October 2009, and 29% of those planned to rescind the cuts in the following 12 months, according to an October survey of 875 human-resources employees by the HR association WorldatWork. About 15% said the pay cuts were permanent.

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