Home > > Profit sharing attractive to employees

Profit sharing attractive to employees

A majority of employees insist that participation in some form of profit sharing scheme would boost their productivity.

A survey of some 6,000 employees, conducted by Kelly Services, a workplace solutions firm, found that just over a half of those polled said they would be encouraged to work harder if they were involved in a profit share scheme.

About a third of UK workers currently see at least a proportion of their pay tied to performance targets.

Andrew Cook, of 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 in the rewards of improved workplace productivity.

"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."

upcoming events

Ashleys' news

    • 26-May-2011Self Assessment Tax Return - Penalties

      From April 2011, if a Self Assessment Tax Return is filed late or tax paid late, then the following penalties will apply:

      Penalties for filing late

      One day late and you will be charged an initial penalty of £100 (even if you have no tax to pay or you have already paid all the tax you owe).

      Three months late and you will be charged an automatic daily penalty of £10 per day, up to a maximum of £900.

more news