The latest quarterly Business Sentiment survey from IBEC found that the majority of companies are planning to extend pay freezes into 2012 with a small minority planning further reductions in pay. The majority of firms remain confident in the trading outlook, however, and many intend to hire new staff within the next 3 months. IBEC's Economic Forecasts are freely available on their website but you must register to receive IBEC Agenda which includes the Business Sentiment reports. For further details see agenda.ibec.ie