Thirty-nine percent of workers say senior executives earn more than they should, according to a survey by the staffing firm Hudson. The survey, which included 10,000 respondents, found that while 64 percent of workers said executive pay should be tied to company performance, just 38 percent of employees say the practice is applied at their company. Forty-eight percent of workers said the pay disparity between corporate leaders and average employees is too big. Thirty-six percent of workers said the pay for senior leaders is about right after taking into account their scope of work and fair market rates.
Additional Resources:
“Pay Discrimination: New U.S. Supreme Court Ruling Protects Employers from Stale Claims” from the July 2007 issue of the California Employer Advisor (Requires subscription or trial)
Sample Bonus Pay Policy (Requires subscription or trial)
The HR Management & Compliance Report: How To Comply with California Wage & Hour Law, explains everything you need to know to stay in compliance with the state’s complex and ever-changing rules, laws, and regulations in this area. Coverage on bonuses, meal and rest breaks, overtime, alternative workweeks, final paychecks, and more.