The survey of 60 ABM members was conducted online in May and June by Towers Perrin.
It found that more than 80% of companies have frozen or plan to freeze salary-increase budgets. One-third of responding companies have reduced salaries across the board.
The lion's share of companies are practicing various forms of cost management, including cutting travel and entertainment (78%); freezing or reducing hiring (73%); and implementing targeted reductions in headcount (70%).
The full report is available to companies that participated in the survey.