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Generation Y more productive with performance pay

Australian employees believe they would be more productive if they were able to share in profits or if they received performance pay, a recent survey has found.profit sharing

The Kelly Global Workforce Index, conducted by workforce solutions company Kelly Services, found that 57 percent of Australians believe that profit sharing or an ownership stake would motivate them to perform at a higher level in the workplace. The survey also found that 37 percent of employees felt that they would be more productive if they had their earnings linked to performance outcomes, with Generation Y the most attracted to it.

These results indicate a feeling of employee confidence, according to Managing director of Kelly Services Australia Karen Colfer.

“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.” Ms Colfer said.

The survey also found strong support for employers to take a greater role in improving the health of their workforce, with 77 percent of those surveyed saying employers should actually provide incentives to encourage a healthier lifestyle for such changes as quitting smoking, losing weight, or taking up exercise.

The survey indicates that Australians are behind the idea that employer-provided health initiatives should be part of their employment package, says Ms Colfer.

“Interestingly, we are also seeing a real groundswell of opinion urging employers to not only support, but to actively promote healthy employees and healthy workplaces, something that can produce a positive outcome for employers and employees alike,” Ms Colfer added.

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Julia Clarke

Julia Clarke

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