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Benefits January 27, 2001
Most Workers Prefer Higher Pay, Less Options
January 27, 2001 (PLANSPONSOR.com) - Two-thirds of
American workers would rather earn a higher salary with no
stock options than to have a lower salary with options,
according to a new survey.
Reported by Nevin E. Adams
HR pros were even more interested in a higher base, favoring it 75% to 18%.
Younger workers (18-29 years old) were inclined to say “show me the money”, with 74% opting for the higher salary. Somewhat surprisingly, those 50-64 years old were less interested in the base salary, favoring it by only a margin of 57% to 29% according to the new survey by Zogby for Headhunter.net.
The following professions preferred the security of a higher salary:
- teachers (62% higher salary – 23% lower salary)
- executive/professionals (59%-30%)
- engineers (72%-26%)
- finance/accountants (79%-15%)
- sales/marketing professionals (74%-20%)
The poll has a margin of error of +/- 3.2%.
The survey asked, “Given the current economic environment, would you be more inclined to take a new job with higher salary, but without stock options, or a lower salary with stock options?”