How about that raise you promised me?? It seems some companies are doing just that, relaxing the pay freezes. HOLY CRAP!!!! From the WSJ!!
Read on:
Pay Raises, Retention Bonuses Stage a Return - WSJ.com
Raises Creep Back Onto Salary Scene
In another sign that the economy may be improving faster than some CEOs expected, companies in recent weeks have started to get more aggressive about spending money to retain employees.
Chemical-maker BASF Corp., the North American unit of Germany's BASF SE, distributed raises to its 16,000 employees in April, a month earlier than planned. Accounting firm PricewaterhouseCoopers LLP will end a pay freeze for its 26,000 U.S. employees in July, two months ahead of plan. In April, aviation electronics firm
Rockwell Collins Inc. added $2 million to its "instant compensation plan" to reward employees for fiscal 2010, bringing the total budget to $5 million.