Compensation Management Statistics 2023
– Everything You Need to Know

Compensation Management Statistics 2023: Facts about Compensation Management outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Compensation Management, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

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Top Compensation Management Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 13 Compensation Management Statistics on this page 🙂

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Compensation Management “Latest” Statistics

• Between fiscal years 1992 and 2002, the frequency of missed workdays and the medical claims rate fell by 73% and 61%, respectively, from 22 per 1,000 workers to 6 and 61 per 1,000 employees.^[1]
• The reason for leaving their present employment, according to 56% of workers, was insufficient salary.^[2]
• If leaders acknowledged employees for their work, 58% of individuals said they would feel more engaged.^[2]
• According to 65% of sales managers, their main difficulty is a lack of time and resources to do their work.^[2]
• When the right reward was provided, companies using incentive programs reported a 79% success rate in attaining their set target source.^[2]
• The presentation of the award and professional development often account for between 40% and 50% of an employee’s preferred overall award experience.^[2]
• According to projections, the employment of human resources managers will increase by 7% between 2021 and 2031, which is approximately average for all professions.^[3]
• A recent Pew Center Research study found that in 2018, female workers earned 85% of what men did.^[4]
• By the time workers were 66 or older, fewer than 3% of them said their salaries weren’t fair.^[4]
• 20% of workers at companies with 249 or fewer employees questioned whether they were paid appropriately, as opposed to more than 26% in companies with more than 1,000 workers.^[4]
• Those in companies with 1,000 or more workers were twice as likely to disagree or strongly disagree that their pay was fair than employees at companies with fewer than 249 workers.^[4]
• Fair payment was one of the least liked poll questions, with 23% of workers stating that they weren’t sure whether they were paid appropriately.^[4]
• Compared to 92% of CEOs, less than three-quarters of individual contributors and supervisors feel their pay is fair.^[4]

Also Read

Reference

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1. nih – https://pubmed.ncbi.nlm.nih.gov/12762075/
2. spiff – https://spiff.com/blog/sales-compensation-statistics/
3. bls – https://www.bls.gov/ooh/management/human-resources-managers.htm
4. quantumworkplace – https://www.quantumworkplace.com/future-of-work/employee-compensation-statistics-to-know