Profit sharing and ownership stake can lift productivity
By siliconindia   |   Wednesday, 11 August 2010, 23:12 IST   |    2 Comments
Printer Print Email Email
Profit sharing and ownership stake can lift productivity
New Delhi: Three-quarters of India's workforce believe they would be more productive if they have a share in profits or allowed to have an ownership stake in their employer's business. According to a survey by workforce solutions company Kelly Services, 56 percent of workers are currently in an arrangement where some of their pay is tied to performance targets. The survey found that Baby Boomer employees (aged 48-65) are more likely to be on some form of performance-based pay than those in the Gen Y (aged 18-29) and Gen X (aged 30-47) generations. Almost half of those who are not receiving performance pay say that they would be more productive if they had their earnings linked to performance outcomes. Adding to it, the survey showed that there is strong support for employers to take a greater role in improving the health of their workforce. Almost 64 percent of employees said that employers should actually provide incentives to encourage a healthier lifestyle for such changes as quitting smoking, losing weight, or taking up exercise. According to Kamal Karanth, Managing Director Kelly Service, majority of employees are comfortable about some element of their compensation being tied to their individual or group performance. The findings of the survey are part of the Kelly Global Workforce Index. The survey obtained the views of about 134,000 people, including more than 4,000 in India.

siliconindia