In 1974, the 90th percentile of wage earners received about 1.9 times the hourly wage of the 50th percentile, but this multiple has risen steadily over the last three decades and has now reached about 2.3. ...
The proportion of employees’ pay that comes from bonuses rather than from base salary has increased. ... the share of large firms that have more than 20 percent of their workforce working with some form of individual incentives, like a performance bonus, has grown from 38 percent to 67 percent. The percent of firms using any form of “gain-sharing” or group-based incentives has grown from 26 percent to 53 percent.
Sunday, January 6, 2008
The Economist's view of HR
Good survey article in this month's JEP on Personnel Economics:
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