According to the latest survey from workforce solutions leader Kelly Services, more than half of Canadians 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. The findings could be a solution to an alarming TD Bank North Financial Group report in May.
The May TD report revealed Canadian productivity has steadily decreased since the 1970s and threatens the economy’s future global viability as emerging markets gain a foothold.
"Many employees are actually quite comfortable about some element of their compensation being tied to their individual or group performance,” said Kelly Services VP and Managing Director of Canadian Operations Karin French.
“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 findings are part of the Kelly Global Workforce Index, which obtained the views of approximately 134,000 people, including more than 15,000 in Canada.
The survey also found 36 per cent of workers are currently in an arrangement where some of their pay is tied to performance targets. Gen X (aged 30-47) employees are more likely to be on some form of performance-based pay than those in Gen Y (aged 18-29) and the Baby Boomer generation (aged 48-65).
Of those not receiving performance pay, more than a third (34 percent) say they would be more productive if they had their earnings linked to performance outcomes.
"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," said French.
The survey found there is strong support for employers to take a greater role in improving the health of their workforce, with more than half of those surveyed saying employers should actually provide incentives to encourage a healthier lifestyle for such changes as quitting smoking, losing weight, or starting an exercise program.
Source: Kelly Services
The May TD report revealed Canadian productivity has steadily decreased since the 1970s and threatens the economy’s future global viability as emerging markets gain a foothold.
"Many employees are actually quite comfortable about some element of their compensation being tied to their individual or group performance,” said Kelly Services VP and Managing Director of Canadian Operations Karin French.
“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 findings are part of the Kelly Global Workforce Index, which obtained the views of approximately 134,000 people, including more than 15,000 in Canada.
The survey also found 36 per cent of workers are currently in an arrangement where some of their pay is tied to performance targets. Gen X (aged 30-47) employees are more likely to be on some form of performance-based pay than those in Gen Y (aged 18-29) and the Baby Boomer generation (aged 48-65).
Of those not receiving performance pay, more than a third (34 percent) say they would be more productive if they had their earnings linked to performance outcomes.
"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," said French.
The survey found there is strong support for employers to take a greater role in improving the health of their workforce, with more than half of those surveyed saying employers should actually provide incentives to encourage a healthier lifestyle for such changes as quitting smoking, losing weight, or starting an exercise program.
Source: Kelly Services
