16 Oct 2017 Survey Says: Incentive-Based Pay Systems Provide Higher Compensation Than Time-Based Models
Labor Agreements | David PryzbylskiAnyone who has engaged in collective bargaining knows that, generally, unions throw their arms up at any proposal dealing with incentive-based pay versus time-based pay systems. Their rationale can range from distrust to unfounded beliefs that incentive-based pay somehow detracts from seniority. However, new data published by the Bureau of Labor Statistics (BLS) – a government entity that tracks labor data in the U.S. – gives some nice bargaining ammunition to employers looking to…