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Watson Wyatt survey: 44 percent of employers that cut pay are restoring pay to pre-recession levels

According to CNN Money coverage of a recent Watson Wyatt survey, 44 percent of surveyed employers that cut pay are rescinding the pay cuts; 24 percent of employers that stopped 401(k) match programs are restoring them; 33 percent of employers that froze salaries will be unfreezing them.

Only 2 percent of companies are contemplating reducing executive salaries (down from 10 percent in March) and 92 percent are not planning to reduce bonus opportunities or eligibility requirements.

CNN Money states that hard drive manufacturer Seagate Technologies, which had cut pay by 10 percent earlier this year, is among the companies restoring pay to pre-recession levels.