Bigger paychecks on a comeback
Almost half of employers in survey say they will roll back salary reductions in the next six months, while one-third will lift pay freezes.
NEW YORK (CNNMoney.com) -- More employers are planning to reverse pay cuts and other employee cutbacks, another sign that the employment picture is improving, according to a survey released Thursday.
The percentage of employers who will reverse pay cuts jumped to 44% in August from 30% just two months ago, consulting firm Watson Wyatt said.
About one-third of companies plan to unfreeze salaries within the next six months, up from 17%, according to the report that surveyed 175 large employers.
"Some employers are seeing the light at the end of tunnel and feeling optimistic," said Laura Sejen, a director at Watson Wyatt, in a statement..
Almost one-quarter of employers plan to reverse reductions to 401(k) match contributions in the next six months, up from just 5% in June.
However, health care did not fare as well. The survey found 66% of companies that increased the percentage employees pay for health care premiums do not expect to reverse that decision.
And 40% are planning to increase the percentage employees pay for health care premiums. About the same number expect to increase the deductibles, co-pays or out-of-pocket maximums for 2010 health care plans. 
-
Silver lining of the housing bust: A protectionist group was able to buy the land around the iconic sign. More -
Trains of the future are likely skipping you. Despite grand government plans, funding is small. More -
Broadway star Scarlett Johansson is selling her L.A. pad for $2 million less than she paid. More -
Former Merrill Lynch CEO John Thain is being asked to work his magic on small business lender CIT. More -
Lenders are collecting from owners like Vanessa Corey even after a short sale or foreclosure. More -
The $10 electronic hamsters were last year's monster hit. Meet the encore. More
