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The Incredibly Shrinking IT Incentive Pay Program
Incentive pay programs have been popular for decades, because many business managers believe that paying for performance can motivate workers and increase productivity. This Research Byte highlights the findings of our new report on current practices in IT incentive pay programs.
Pay for Performance: Popularity and Impact of Incentive Pay in the IT Workforce
Incentive pay programs have been popular for decades, because many business managers believe that paying for performance can motivate workers and increase productivity. Nevertheless, the largest incentive-pay packages are becoming less common, and there is a flattening of incentive pay as a component of overall compensation. This report we provide data on the percentage of employees receiving incentive pay by job level, the percentage of compensation comprising incentive pay, and the percentage of incentive pay based on individual, group, and company performance. We conclude with recommendations for implementing effective incentive pay programs and mitigating the unintended consequences. (17 pp., 4 fig.) [Research Byte]
IT Salaries Rising Despite Economic Slowdown
After several years of growing investment in technology, IT managers are now coming under pressure to restrain headcount, reduce costs, and improve the efficiency of their IT operations due to the slowing economy. At the same time, there is ample evidence that investments in Web-based initiatives, database-centric business applications development, and converged voice/data networks will continue to place upward pressure on salaries for certain job functions where skills are in tight supply. This free Research Byte is an executive summary of our 2008 IT Salary Report, which provides an analysis of IT staffing and salary trends from 2001 through 2007, including our projections for 2008. It also provides extensive tables of salaries for 78 IT job positions in 78 U.S. metropolitan areas for small, medium, and large organizations at the median, 25th, and 75th percentiles.