Printer Friendly

PERFORMANCE-BASED PAY AND STOCK OPTIONS ON THE RISE: ROBERT HALF SURVEY SUGGESTS BUSINESSES FAVOR TYING PERFORMANCE TO BOTTOM LINE

PERFORMANCE-BASED PAY AND STOCK OPTIONS ON THE RISE: ROBERT HALF

SURVEY SUGGESTS BUSINESSES FAVOR TYING PERFORMANCE TO BOTTOM LINE
 MENLO PARK, Calif., Feb. 5 /PRNewswire/ -- Recessionary times may be forcing companies to consider more variable, performance-based compensation as a means to keep productivity up and compensation costs down.
 According to a recent survey, four out of five executives believe that performance-based pay will become more widespread. An equal number feel that stock options are a very important tool for attracting and retaining employees at all levels of a company.
 The survey was developed by Robert Half International, the world's largest personnel firm in the accounting, financial and information systems fields. It was conducted among 200 executives of the nation's 1,000 largest companies by an independent market research firm.
 Respondents were asked: Do you believe that variable, performance-based pay for most employees is a compensation approach that will increase, decrease or stay the same in the next five years? Thirty-two percent said it would increase significantly and 47 percent said it would increase somewhat, for a total of 79 percent.
 They were also asked: How important are stock options in attracting and retaining American workers at all levels of a company? Twenty-three percent said they are very important and 57 percent said they are somewhat important, for a total of 80 percent.
 "Performance-based pay and stock option plans can help make employees more accountable for their work and provide an incentive for increased productivity," said Max Messmer, chairman and CEO of Robert Half International Inc.
 "In difficult economic times, it becomes even more important for employees to have a bigger stake in their own performance -- and that of their company. This ensures greater competitiveness for the organization, which in turn, provides greater job security for employees.
 "Variable pay in particular gives employees greater control over compensation costs -- it rewards the better employees and provides an impetus for other employees to improve their performance."
 There are 150 Robert Half offices in the United States, Canada, the United Kingdom and Europe.
 -0- 2/5/92
 /CONTACT: Lynn Taylor, 415-854-9700; or Marc Silbert, 516-767-3700, both of Robert Half International/ CO: Robert Half International ST: California IN: SU:


RM -- SF001 -- 6993 02/05/92 08:00 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 5, 1992
Words:373
Previous Article:GOLDTEX, INC. ANNOUNCES RESULTS
Next Article:MRI MEDICAL TECHNOLOGIES INC. AGREES TO MAJOR MINERAL ACQUISITION AND CHANGE OF DIRECTION
Topics:


Related Articles
How investors rate executive pay.
NEW GOVERNMENT REGULATIONS HAD LITTLE IMPACT ON CORPORATE AMERICA, KORN/FERRY ANNUAL BOARD STUDY SHOWS
Executive compensation.
CEO compensation: the whole truth.
Pay crackdown: at leading companies, compensation committees make changes to heed criticism of egregious pay. Washington likely will spur others....

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters