Big bonuses continue to be enjoyed by financial sector workers while lower-paid workers are coping with fewer shift and overtime payments, official figures show.
In total, these extra payments now make up 8.9 per cent of a full-time worker's gross pay, compared with 10.8 per cent in 1992, and men remain more likely to top up their usually better-paid salaries than women, according to National Statistics.
Incentive pay, which includes bonuses and profit-related cash and is generally enjoyed by those who receive above-average salaries, rose from 3.5 per cent in 1992 to 3.6 per cent.
Some of the biggest income squeezes were among transport, storage and manufacturing workers, who relied on shift or overtime pay to boost largely lower-than-average gross incomes, according to National Statistics.
Its report Labour Market Trends examined gross pay structures of different industrial sectors by comparing data from the New Earnings Surveys of 2002, 1997 and 1992.
Thursday August 7, 2003
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