Approximately one-third of employers report that their organization supplements wages and salaries with cash incentives in the form of individual or team awards, spot bonuses, and similar payments, according to a recent survey of Cash Compensation practices conducted by BLR.
This figure (about 33%) held true at the middle management, professional, exempt staff and nonexempt employee level. Unsurprisingly, at the executive level, the utilization of this type of bonus was lower (25% of responding employers).
Long term incentive bonuses were most frequently reported to be paid to employees at the executive level (28% of respondents) and all exempt level sales employees (26% of respondents.)
The current survey, which garnered 612 responses, was conducted by BLR's HR Daily Advisor in March, 2011. Data was gathered for five levels of employee responsibility in 10 departments.
For detailed survey results, see the 2011 Cash Compensation Methodologies Survey Results .