Monday, November 30, 2009
Tweet[IWS] BLS: THE EFFECT of INCENTIVE PAY on RATES OF CHANGE in WAGES & SALARIES [24 Novembeer 2009]
IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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Bureau of Labor Statistics (BLS)
Compensation and Working Conditions
The Effect of Incentive Pay on Rates of Change in Wages and Salaries
by William J. Wiatrowski
Originally Posted: November 24, 2009
http://www.bls.gov/opub/cwc/cm20091120ch01.htm
or
http://www.bls.gov/opub/cwc/print/cm20091120ch01.htm
[excerpt]
# Incentive-paid workers are those who receive some portion of their earnings based on sales or output, rather than a unit of time such as an hourly rate or monthly salary. Examples of incentive-paid work include piece-rate systems found in manufacturing environments and commissions paid to certain sales workers. Because such workers represent a small proportion of total employment, it is difficult to track this volatile segment of the workforce. However, by comparing all workers with those who are not paid by incentive, some trends can be identified.
# In the private sector, annual increases for non-incentive-paid workers (also referred to here as time-based workers) have typically been estimated at between 0.2 and 0.6 percentage points more than annual increases for all workers.
# Scratch below the surface, however, and different patterns are identified for certain occupation and industry groups--especially those that have been affected by the recession.
AND MUCH MORE...including CHARTS & TABLES.....
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Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
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