When 'work/life' perks replace pay hikes

Employers are increasingly turning to perks to reward employee performance rather than hiking base salaries, according to two new surveys.

A US Salary Increase Survey of 856 organizations by Hewitt Associates found 78 percent of them offer non-monetary performance-related rewards, an increase of 8 percent since 1999 - and 31 percent since 1990.

And an e-mail survey by the American Compensation Association and the Segal Co. found 18 percent of 1,256 organizations polled were allocating work/life benefits - flex time, tuition assistance, paid-time-off programs - to award good employee performance. The survey also found 48 percent of organizations rewarded employees with nonmonetary compensation such as stock ownership or merchandise.

(c) Copyright 2000. The Christian Science Publishing Society

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