TRENDICATORS SPECIAL REPORT
COMPENSATION PROGRAMS AND PRACTICES
2021 COMPENSATION PROGRAMS AND PRACTICES
WORLDATWORK
2021 COMPENSATION PROGRAMS AND PRACTICES
WorldatWork invited its broader membership and customer base to participate in an electronic survey on base and variable compensation programs, policies and practices. A total of 920 responses were received, representing organizations of different sizes and across multiple industries.
Email invitations were sent directly to participants on 04/26/2021 and results were collected over a 15-day period. The survey has a 3% overall margin of error at a confidence level of 95%. Sample sizes vary by question.
Key Takeaways
About This Report
1 ) RATING-LESS PERFORMANCE REVIEWS ARE ON THE RISE IN 2021.
2 ) MOST ORGANIZATIONS INDICATE THEY ARE PAYING HIGH ENOUGH ABOVE STATUTORY MINIMUM WAGE RATES TO HAVE NOT BEEN IMPACTED BY ANY MINIMUM WAGE INCREASES WITHIN THE PAST 24 MONTHS.
3 ) RECOGNITION AND BONUSES LEAD THE WAY IN THE TYPES OF VARIABLE PAY PLANS USED.
4 ) MAJORITY OF EMPLOYEES ARE NOT THOUGHT TO UNDERSTAND THE COMPENSATION PHILOSOPHY.
About the Publisher
WorldatWork is the leading global nonprofit organization for professionals engaged in the critically important practice of Total Rewards. We serve those who are responsible for cultivating inspired, engaged, productive, and committed workers in effective and rewarding workplaces. We guide them in the design and delivery of Total Reward programs with our education and certification; idea exchange; thought leadership; knowledge creation; information sharing; research; advocacy; and networking.
Publish Date
September 2021