Profit sharing would boost engineering productivity

More than half of UK workers in the engineering sector 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 leader Kelly Services. The findings are part of the Kelly Global Workforce Index, which obtained the views of approximately 134,000 people in 29 countries, including almost 6,000 in the UK.

The survey also found 30% of UK workers in the engineering sector are currently in an arrangement where some of their pay is tied to performance targets. Gen Y(aged 18-29) and Gen X (aged 30-47) employees are more likely to be on some form of performance-based pay than those in the Baby Boomer generation (aged 48-65).

However, of those not receiving performance pay, more than a third (37%) say they would be more productive if they had their earnings linked to performance outcomes, with Gen Y the most attracted to it.