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BLR News

4/22/2011

One-Third of Employers Report Use of Cash Compensation

HR Daily Advisor Survey Results Help HR Managers Assess Compensation Practices

Old Saybrook, CT—April 22, 2011—The HR Daily Advisor® announced today the results of a survey on Cash Compensation conducted in March 2011. The survey asked employers to report on the use of cash incentives at their companies, either in the form of individual or team awards, spot bonuses, or similar payments.

According to the results, nearly one-third of employers report that their organizations supplement wages and salaries with cash incentives. Long-term incentive bonuses were most frequently reported to be paid to employees at the executive level (28 percent of respondents) and all exempt-level sales employees (26 percent of respondents).

“The results of this survey highlight important compensation trends, which will be useful for HR managers assessing the use of cash incentives,” said HR Daily Advisor editor Stephen Bruce, PHR. “Since this survey looked at five levels of employee responsibility in 10 departments, the breadth and depth of responses sets an important benchmark in current compensation practices.”

The complete survey results can be accessed here, courtesy of the HR Daily Advisor: http://hrdailyadvisor.blr.com/archive/2011/04/06/Compensation_Benefits_Survey_HR_Policies.aspx.

For more information about the HR Daily Advisor, please visit http://hrdailyadvisor.blr.com or contact us at 800-727-5257.

About BLR®—Business & Legal Resources

BLR® is the leading provider of employment, safety, and environmental compliance solutions. BLR has been an acknowledged authority in covering state as well as federal law for over three decades, and employers know that they can count on BLR’s industry-leading compliance and training solutions to keep them out of legal trouble, avoid fines, and save money. BLR offers solutions for business owners, executives, employees, and managers of HR, compensation, safety, environmental, or training for all-sized organizations and industries. Simply put, anyone worried about how their local state agency or national DOL, OSHA, and EPA legal requirements impact their organization can benefit from BLR. For more information, please visit www.BLR.com or call 800-727-5257.

Media Contact: Karin Staschke
Phone: (860) 510-0100 ext. 2442
Email: Media@BLR.com