PricewaterhouseCoopers US (PwC) will stop a
pay freeze a few months earlier than planned due to an up swinging
economy and headhunter concerns.

“Things have started turning from an economic
perspective and the firm remains on a very strong footing. We have
an aggressive growth agenda and we wanted thank our people for the
commitment they have made in the last 20 months by accelerating the
pay increase,” PwC human capital leader Jim Walsh said.

PwC staff were told in March 2009 that
salaries were being frozen and they would not receive increases in
September 2009.

The firm’s bonus programme was unaffected and
pay increases were granted with promotions.

Staff were due to find out this September what
their pay packages for next year would be, but PwC has moved this
forward to July.

“The job market is unfreezing so our people
our getting more calls from head-hunters than they would 12 months
ago… so we want our employees to know what their pay package for
the next fiscal year is,” Walsh said.

“It is a strategy to make sure our top talent
understands what we are offering.”

Walsh could not reveal the exact figures of
the pay increases, but he estimated it would be slightly higher
than the prediction for corporate America, which is 2% to 4%.