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Employees looking for employers to “show them the money” may be in for a surprise this year. According to a recent survey from Mercer Human Resource Consulting, workers in every level of an organization now find themselves eligible for company bonuses ranging from 3% to 5% of the employee’s salary.
How do the bonuses break down in the ranks? Not surprisingly, executives earn the top bonus awards, getting 30% to 50% of their annual base pay. Upper-level managers weigh in second with bonus levels ranging from 15% to 25% of pay. For middle managers, the bonuses generally come in at 10% to 15%.
Leading companies know that smart compensation and benefits practices help attract top-notch talent. Compensation.BLR.com provides insight into the latest comp and benefits strategies, including trends in executive pay, flexible benefits options, recruitment incentives, and much more.