Employee Ownership Schemes Boost Productivity

More than half (53%) of UK workers claim 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 research from Kelly Services.

The Kelly Global Workforce Index surveyed roughly 134,000 people in 29 countries, including almost 6,000 in the UK.

The survey also found 30% of UK workers have some form of performance-related pay, with Gen Y (aged 18-29) and Gen X (aged 30-47) employees more likely to be paid in this way than those in the Baby Boomer generation (aged 48-65).

Of those not receiving performance pay, more than a third (36%) say they would be more productive if they had their earnings linked to performance, with Gen Y the group most in favour of such arrangements.

Source: recruiter.co.uk