Profit sharing can boost staff productivity

Australian employers attempting to boost employee productivity should consider offering some kind of profit sharing scheme, according to the latest survey from Kelly Services. 

The Kelly Global Workforce Index revealed that more than half of Australians 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

Managing director of Kelly Services Australia, Karen Colfer 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.”

The report obtained the views of approximately 134,000 people, including more than 20,000 in Australia.

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

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