Summary:
-
Shift in Compensation Structure
A growing number of American workers are experiencing a transition from traditional fixed salaries to performance-based pay, according to a 2024 survey by the Alexander Group. -
Widespread Adoption
The survey found that 28% of over 300 companies are now incorporating incentive pay into new roles, a practice that was previously confined to sales and executive positions. -
Claims of Increased Productivity
Employers advocate that this bonus-based model enhances productivity among employees, motivating them to perform better in their roles. -
Mixed Reactions from Workers
While some employees appreciate the performance-based incentives, others have reported earning less than anticipated, raising concerns about financial stability. -
Changing Landscape of Work
This shift signals a broader change in the job market, indicating that more organizations are reevaluating how they compensate employees to drive performance and align with business goals.
Read more at: MSN