Salary freezes. Workers accustomed to getting an annual cost-of-living raise may be out of luck next year. Four percent of companies have already frozen salaries and 12 percent more plan to, Watson Wyatt found. "As a cost-saving measure, it can have a fairly significant impact in terms of managing increases in cost," says Laura Sejen, global director of strategic rewards at Watson Wyatt. "Typically, it would be for 12 months, and then the organization would revisit the decision."