Wednesday, May 14, 2008

Senior executives back pay for performance

May 13, 2008

More than 90 percent of senior federal executives think their pay should be based on job performance, and that they are being held accountable for achieving results, according to a survey released Tuesday.

The number of executives who reported that they were happy with their level of compensation has dropped significantly in the past two years, however. In the 2006 Federal Human Capital Survey, 73 percent of senior executives said they were satisfied with their pay. Only 61 percent reported satisfaction in the new survey of the Senior Executive Service, which was conducted by the Office of Personnel Management.

The survey found that 67 percent of executives were satisfied with the recognition they receive for doing a good job. Nearly three quarters of SES members said they thought their performance ratings were based to a great or very great extent on individual performance, and 68 percent said the same about how organizational performance factored into ratings.

http://www.govexec.com/story_page.cfm?articleid=40012&dcn=e_gvet