More than one-third (34 percent) of accounting and finances workers are very satisfied with their compensation, compared to just 28 percent of the overall work force, according to a survey from professional services firm Hudson-North America.
The findings are from the firm's "Transforming Pay Plans: 2006 Compensation and Benefits Report," which surveyed 10,000 workers across all sectors, examining employee attitudes about pay and benefit programs.
The survey found that workers in the sector are more likely to receive quarterly performance reviews (15 percent), compared to the general work force (10 percent). Only one-quarter (27 percent) admitted to never receiving a formal review, compared to one-third of all workers. It is also more common for accounting & finance workers to receive a raise based on their performance, opposed to a standard cost-of-living increase, than all workers (48 percent, versus 35 percent.
When asked about non-traditional benefits, accounting and finance workers agreed with the rest of the respondents that a more flexible schedule is preferred over family benefits, more job training and extra supplemental insurance. However, accounting and finance workers were even more inclined to choose improvements in their work-life balance (39 percent, compared to 33 percent) than others.
The complete data set and a downloadable copy of the report, are available at www.hudson-index.com .
Previously on WebCPA:
Hudson Index: Worker Confidence Down Nationwide (June 1, 2006)
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