Fifty-seven percent of workers say that tenure is the determining factor in deciding employees' pay at their company compared with 35 percent who say performance is the determining factor, according to a survey by Hudson, a staffing and oursourcing firm.
The survey, which included 10,000 respondents, found that 48 percent of managers said that their organization pays their top performers the best.
"Performance-based incentives are ineffective if employees do not realize there are rewards for achieving their objectives, no matter their position," says Robert Morgan, chief operating officer at Hudson Talent Management. "By clearly communicating these rewards, companies not only entice their workforce to meet strategic goals, but top performers are also likely to stay longer."
While 72 percent of respondents said they are be very or somewhat satisfied with their compensation, 44 percent said they would change their mix of cash and benefits if they could.
The survey also asked workers about their health benefits. Thirty-two percent of respondents said they worked for an employer that offered Health Savings Accounts (HSAs). Among workers whose employer offers HSAs, 40 percent said they participate.