Men and those in the information technology sector are most likely to work for a company with performance-based pay, according to national recruitment company Recruiters Australia.
Research indicated women were less likely to work in an organisation with a performance based pay scheme – possibly due to male domination in IT&T technology and manufacturing.
More than three-quarters of this sector were using the system.
It is a practice implemented in around 67 per cent of Australian companies, with Sydney rating the highest at 73 per cent of those surveyed while Perth nudged the national average at 65 per cent.
The research revealed on average 80 per cent of people surveyed believed, or strongly believed, performance-based pay for executives could result in improved company performance.
Recruiters Australia managing director Warren Reynolds said performance based pay was common in the IT&T sector because the industry was growing so fast it was difficult for many companies to attract and retain experienced staff.
“Offering performance-based pay allows employers to maximise the output of their employees whilst meeting the large salaries commanded in the IT&T sector,” Mr Reynolds said.
“Australian manufacturers, on the other hand, are experiencing an unprecedented level of global competition which has put immense pressure on managers to work smarter.”
