Profit sharing would boost productivity: employees

CIOL Bureau
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NEW DELHI, INDIA: 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 company Kelly Services.


The survey also found 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, the study said.

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.


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, said a press release.

Kamal Karanth, managing director Kelly Service 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 said.

“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,” Karanth added.