There have been a lot of pay cuts and employee cutbacks, but according to a new survey, more employers are planning to reverse these pay cuts and cutbacks. It's a good sign that employment is improving. Consulting firm Watson Wyatt says that the percentage of employers who will reverse pay cuts jumped to 44% in August from 30% just two months ago.
That's a nice jump. Also about a third of the companies plan to unfreeze salaries within the next six months, that's up from 17%. The report surveyed 175 large employers. I don't think anyone is jumping for joy just yet, but the numbers are going in the right direction. Mostly.
Health care did not do so great. 66% of companies that increased the percentage employees pay for health care premiums do not expect to reverse that. 40% are planning to increase the percentage employees pay for health care premiums.
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