60.6% of companies plan to cut their bonuses

60.6% of companies plan a reduction in salary merit increases (from 3.6% to 2.2% on average). 45.3% of companies expect bonuses for 2008 (for payout in 2009) to be lower by as much as 20% to 25%. 19.5% of companies are considering salary freezes. 31.6% of companies are currently considering hiring freezes, Empsight says.

60.6% of companies plan a reduction in salary merit increases (from 3.6% to 2.2% on average). 45.3% of companies expect bonuses for 2008 (for payout in 2009) to be lower by as much as 20% to 25%. 19.5% of companies are considering salary freezes. 31.6% of companies are currently considering hiring freezes, Empsight says.