Workers who are paid based on incentive pay make more than time-based paid workers, according to new BLS data.
According to the Bureau of Labor Statistics, across the board, workers who are paid incentive-based pay make more than workers who are paid time-based.
Workers in business and financial operations occupations who receive incentive-based pay averaged $51.65 per hour in 2016, while time-based workers in those occupations averaged $34.92 per hour. Incentive-based pay depends at least partially on productivity and may include commissions, production bonuses, or piece-rate work. The pay for time-based workers depends solely on a schedule, such as hourly or weekly rates or annual salaries.
Workers in sales and related occupations who receive incentive pay earned $35.31 per hour in 2016, compared with $15.82 per hour for time-based sales and related workers. In installation, maintenance, and repair occupations, workers receiving incentive-based pay earned $25.31 per hour and those receiving time-based pay earned $22.12.
For production workers, incentive-based pay averaged $20.58 per hour, while time-based pay averaged $17.79 per hour.
Modeled Wage Estimates are also available for detailed occupations, geographic areas, and job characteristics, including full- and part-time status, work levels, and bargaining status.