options: choices, alternatives a pay rise: an increase in the money received for a job a pay freeze: a stop on any pay increases for workers for a period of time voluntary redundancy: if an employee takes voluntary redundancy, they offer to leave their job because the employer needs to reduce costs. Often someone who volunteers to leave their job in this way is paid a lump sum of money to take industrial action: when a group of workers take industrial action they stop working or do something to protest about their pay or working conditions. See 'strike' above economic climate: the economic situation at the time |