I'm just one consultant working with organizations in one area of the country, but activity and conversations I've been involved in over the past couple of weeks suggest that things may be starting to break loose.
New research released by Watson Wyatt would seem to confirm this, revealing that the number of companies planning to reverse salary cuts, eliminate salary freezes and reverse 401(k) plan reductions in the near term is on the rise.
Part of an ongoing series intended to track reward and other HR practices through the economic downturn, the Watson Wyatt research shows a significant uptick from its June to its just-released August study in the percent of companies planning these positive steps over the next 6 months. Details excerpted and presented in the table below.
A ray of hope? Here's hoping it is!
Ann Bares is the Editor of Compensation Café, Author of Compensation Force and Managing Partner of Altura Consulting Group LLC, where she provides compensation consulting services to a wide range of client organizations. She earned her M.B.A. at Northwestern University’s Kellogg School, enjoys reading in her spare time and is enjoying her daughter's return from China. Follow her on Twitter at @annbares.