Survey: Employees say profit-sharing would improve productivity

Almost two-thirds of Irish workers surveyed believe they would be more productive if they were able to share in profits or have an ownership stake in their employer’s business, according to a new survey.

The findings are part of the Kelly Global Workforce Index™, which obtained the views of approximately 134,000 people across countries in North America, Europe and Asia Pacific including Ireland.

The survey also found 36% of workers are currently in an arrangement where some of their pay is tied to performance targets.

Employees aged 30-47 are more likely to be on some form of performance-based pay than those in the Baby Boomer generation (aged 48-65) and those aged 18-29.

However, of those not receiving performance pay, more than a third (42%) say they would be more productive if they had their earnings linked to performance outcomes.

Karen Power, Kelly Services’ Operations Manager in Ireland said: "Many employees are actually quite comfortable about some element of their compensation being tied to their individual or group performance.

"This indicates that many are confident in their ability to perform their jobs well and believe they can share in the rewards of improved workplace productivity."