Performance related pay has overtaken profit related pay as
employers’ preferred method of rewarding staff, according to research.
The Select Appointment’s Salary and Benefits Survey found
that 64 per cent of companies operated a performance related pay scheme in 2000
compared with 36 per cent two years ago. Only 29 per cent of companies still
offer profit related pay.
There has been a significant increase in the number of
companies offering flexible working hours, 38 per cent compared with 22 per
cent two years ago.
The survey also found that 32 per cent of firms offer the
opportunity to work from home and holiday entitlement remained at an average of
23 days per annum.
The survey used data from more than 450 companies employing
almost 400,000 staff across 18 different industry sectors.