TITLE

Consider Converting Merit Pay Raises to other Rewards

PUB. DATE
May 1999
SOURCE
Financial Executive;May/Jun99, Vol. 15 Issue 3, p8
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article discusses the advantages of incorporating some types of merit pay into a firm's compensation package for employees. Rick Beal of Watson Wyatt says firms that use performance rewards are in a better position to manage rising labor costs of an aging workforce. As of 1999, merit pay only accounts for four percent of payroll at U.S. companies.
ACCESSION #
11872069

 

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