Archive
By Staff Report
Sep. 24, 2000
B
uckConsultants surveyed 233 employers in eight industries — business services,communications, financial services, pure Internet, manufacturing, publishing,wholesale/retail, and utility/transportation. Buck just examined the Internetoperations of the companies.
Thesurvey shows that the majority (69%) of companies are using hiring bonuses aspart of their total compensation packages for their employees. Team-based payand gainsharing are the least prevalent of the alternative pay strategies.
|
PREVALENCEOF ALTERNATIVE PAYSTRATEGIES |
|||||
|
|
NumberofCompaniesResponding
|
Using |
Implementing |
Considering |
NotConsidering |
Broad-basedStock Options
|
193 |
41% |
3% |
8% |
49% |
|
Broadbanding |
183 |
22% |
2% |
15% |
61% |
|
Competency-basedPay |
176 |
20% |
3% |
20% |
56% |
|
Gainsharing |
171 |
9% |
1% |
5% |
85% |
|
GroupIncentives |
173 |
17% |
1% |
21% |
61% |
|
HiringBonuses |
201 |
69% |
1% |
9% |
21% |
|
RetentionBonuses |
185 |
35% |
1% |
16% |
49% |
|
Skill-basedPay |
177 |
20% |
2% |
15% |
63% |
|
Team-basedPay |
173 |
3% |
0% |
16% |
80% |
|
ProjectCompletion Bonuses |
183 |
31% |
1% |
24% |
44% |
SOURCE:Buck Consultants 2000 Web site Compensation Survey.
Schedule, engage, and pay your staff in one system with Workforce.com.