FOR IMMEDIATE RELEASE
Scottsdale, Arizona — WorldatWork’s 2021 “Compensation Programs & Practices Survey” shows that more than half of respondents whose organization pay at or near minimum wage say they have been affected by statutory changes at the local, state or federal level during the past two years.
About four in 10 (41%) of the 920 respondents said their organization has jobs in the minimum-wage range with 56% of those respondents saying they’ve been affected by changes in minimum-wage laws. However, 59% of respondents said their organization does not have jobs that pay near a minimum-wage standard.
The WorldatWork survey gathers information about trends in compensation programs and practices, focusing on the prevalence of base and variable pay programs, as well as common practices used to administer and communicate these programs in today’s workplace.
One of the survey’s main strengths is that it breaks down many categories of the data by organization size and industry, pointed out Sue Holloway, CCP, CECP, WorldatWork’s director of executive compensation strategy.
“This makes the data more relevant to the user,” Holloway said. “This is a survey rich in trend data. It is very comprehensive. When organizations are looking to change compensation plans, the data can help to guide their program changes.
About the Study
This is the sixth iteration of the Compensation Programs & Practices Survey, with the first survey launching in 2010. WorldatWork invited its broader membership and customer base to participate in an electronic survey on base and variable compensation programs, policies and practices. A total of 920 responses were received, representing organizations of different sizes and across multiple industries. Email invitations were sent directly to participants on April 26, 2021, and results were collected during a 15-day period. The survey has a 3% overall margin of error at a confidence level of 95%. Sample sizes vary by question.
WorldatWork is the leading global nonprofit organization for professionals engaged in the critically important practice of total rewards. We serve those who are responsible for cultivating inspired, engaged, productive and committed workers in effective and rewarding workplaces. We guide them in the design and delivery of total rewards programs with our education and certification; idea exchange; thought leadership; knowledge creation; information sharing; research; advocacy; and networking.