Bonuses in 2011: Even execs will need to earn it
These days almost everyone’s bonus pay is based on his or her actual performance — including those in the C-suite.
According to the recent study by Pearl Meyer & Partners titled Compensation Planning: Looking Ahead to Executive Pay Practices in 2011, 41% of companies are increasing their bonus performance requirements in 2011. That’s up from the 26% of firms who did so in 2011.
And companies are holding all employees to these targets. For example, in 2010 just 18% of companies payed out a bonus when performance targets weren’t met, compared to the 24% of firms that did so in 2009.
Executive raises will be moderate in 2011, as well. Here are the salary increases companies are planning for execs next year:
- a 2% to 4% boost (55%), and
- greater than a 5% increase (5%).
- Share on
Free Training & Resources
White Papers
Provided by Personify Health
White Papers
Provided by Anaplan
Further Reading
As you’re prepping to file Forms W-2 or Forms 1099 for TY 2023, you know it’s tough to avoid all errors. So, it helps to be pre...
Believe it or not, more than 80% of workers like their employers’ Paid Time Off (PTO) packages. But that doesn’t stop a surpris...
The DOL has begun to roll out its Retirement Savings Lost and Found. It’ll be populated with information from plan sponsors and admin...
IRS has announced some inflation-adjusted dollar amounts you’ll need if your benefits package includes tax-favored health plans. F...
You can’t just sit on forfeited retirement plan funds. But what options do you have? IRS has proposed regulations that’ll provi...
A new joint employer rule is on the table. The DOL’s proposed standard could determine when your organization shares liability with a...
