Performance Pay Gaining Support Among U.S. Employees, According to Global Survey by Kelly Services®
Latest Findings From Kelly Global Workforce Index(TM)
According to the latest findings from the Kelly Global Workforce Index (KGWI), a total of 32 percent of U.S. respondents have their pay connected to some form of performance or productivity targets. The annual survey, conducted by
Among those not on performance-based pay, 40 percent say they would be more productive if they had their earnings linked to performance/productivity outcomes.
"There are many employees who are clearly confident in their ability to perform their jobs well, and they want the opportunity to be compensated according to their performance," Armstrong said.
Results of the survey in the U.S also show:
- When asked to choose between pay for overtime worked, or pay-for-performance, respondents are almost evenly split, with 45 percent preferring pay-for-performance, and 49 percent choosing paid overtime.
- Less than half (39 percent) of those surveyed agree that their current pay is equitable.
- Among professional and technical employees, the highest rates of performance-based pay are in sales (68 percent), and marketing (44 percent). The lowest are in education (21 percent) and science (28 percent).
Performance-based pay includes any arrangement where an element of the total remuneration is tied to meeting performance targets, including profit sharing, performance bonuses and sales commissions.
"Performance-based incentive plans can be a win-win situation. Employees can benefit from the opportunity to work smarter and raise their earnings capacity, while employers benefit from increased productivity and a more engaged workforce," Armstrong said.
Complete findings are published in a new report, Paying for Performance. For more information about the Kelly Global Workforce Index and key regional and generational findings, please visit the Kelly®
About the Kelly Global Workforce Index™
The Kelly Global Workforce Index is an annual survey revealing opinions about work and the workplace from a generational viewpoint. Approximately 122,000 people from the
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