Pay gap widens between high performers, low performers.
By Garry Kranz Comments 0 | Recommend 0
Money Still Talks: Despite talk of flexible schedules and other perks, employees
say earning more money remains their chief wish. According to a study by
consulting group Hudson, 41 percent cite increased pay as the biggest factor in
increased satisfaction, with better health benefits a distant second (21
percent). Also, pay for performance appears to be working, at least for most
people. Roughly 79 percent of workers whose pay is based on performance are
pleased, while 60 percent are discontented. And even though momentum is building
for “say on pay” initiatives, nearly half of all employees say senior executives
deserve what they earn, with 39 percent saying top leaders rake in more than
they are worth.
Workforce Management contributing editor Garry Kranz is based in Richmond, Virginia. E-mail editors@workforce.com to comment.
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