Almost three-quarters of India’s 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 the latest survey from workforce solutions provider
Kelly Services.
According to the survey, business services, manufacturing,
financial services and retail are among the industries with the
highest rates of performance-based pay.
The survey also found that 56 percent of workers are currently
in an arrangement where some of their pay is tied to performance
targets. 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.
However, of those not receiving performance pay, almost half (48
percent) say they would be more productive if they had their
earnings linked to performance outcomes.
Additionally, the survey found there is strong support for
employers to take a greater role in improving the health of their
workforce, with almost two-thirds (64 percent) saying employers
should actually provide incentives to encourage a healthier
lifestyle for such changes as quitting smoking, losing weight, or
taking up exercise.
Kamal Karanth, MD Kelly Services, 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 the rewards of improved
workplace productivity.”
He added, “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.”
The findings are part of the Kelly Global Workforce Index, which
obtained the views of approximately 134,000 people, including more
than 4,000 in India.
"Disclaimer Note: "InformationWeek India and UBM India do not endorse, and have not verified the views and claims expressed in this vendor Press Release."