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US sees trend for executive pay freezes in 2009

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Source: IRS Employment Review

Issue: 922

Date: 29/05/2009

Publisher: IRS

US sees trend for executive pay freezes in 2009

TOPICS:

pay and benefits	pay levels and awards
international	United States

Employers in the US are increasingly likely to impose pay freezes and pay cuts on their executive staff - a trend that looks set to affect UK executives in coming months, according to research from consultant Watson Wyatt¹.

The Watson Wyatt report - based on responses collected in March 2009 from 145 HR and compensation executives at large US-based organisations - examines the impact of the economic downturn on executive pay programmes.

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