Hiring Freeze

A situation whereas an employer has temporarily put into place that no further new hirings will occur for the foreseeable future. This type of cost-saving effort is put into place as a result of budgetary concerns, and to capitalize upon existing production capacity.

A hiring freeze can put a strain on existing employees, as there might not be any replacements for individuals that leave the company (ie. retirement, maternity leave or regular turnover). If the situation gets too extreme, overall performance may suffer and the company will need to make exceptions to the hiring freeze.

Investment dictionary. . 2012.

Look at other dictionaries:

  • hiring freeze — noun a freeze on hiring • Hypernyms: ↑freeze …   Useful english dictionary

  • freeze — ▪ I. freeze freeze 1 [friːz] verb froze PASTTENSE [frəʊz ǁ froʊz] frozen PASTPART [ˈfrəʊzn ǁ ˈfroʊ ] 1. [transitive] COMMERCE …   Financial and business terms

  • freeze — {{Roman}}I.{{/Roman}} noun 1 putting a particular level on sth ADJECTIVE ▪ immediate ▪ complete, total (esp. BrE) ▪ a complete freeze on emissions ▪ hiring (esp. AmE) …   Collocations dictionary

  • hiring — noun Hiring is used before these nouns: ↑freeze, ↑practice, ↑spree …   Collocations dictionary

  • a freeze on — a stoppage; a decision to stop spending, hiring etc.    Right now there s a freeze on hiring at the plant no hiring …   English idioms

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