Meaning of “pay freeze” in the English Dictionary

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"pay freeze" in Business English

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pay freezenoun [ C ]

uk us also salary freeze, wage freeze

HR, WORKPLACE a situation in which a company stops increasing employees' pay because of financial difficulties:

Union leaders are considering the company's proposals to change working hours, reduce overtime, or impose a pay freeze.

ECONOMICS, GOVERNMENT a government policy of preventing pay increases in order, for example, to deal with inflation:

(Definition of “pay freeze” from the Cambridge Business English Dictionary © Cambridge University Press)