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The Kelly Global Workforce Index shows that there is widespread support for performance-based pay in the UK, with almost a third of workers already on results-based pay arrangements. The Workforce Index found that 30% of UK workers have their pay tied to some form of performance of productivity target.
Gary Jones, Managing Director, Kelly Service UK & Ireland, said, ‘There are many UK employees who are clearly confident in their ability to do their jobs well, and they want the opportunity to be rewarded according to their performance.’
Of those employees not currently on performance-based pay, 40% responded that they would be more productive if they had their salaries linked to performance targets.
Respondents in China had the highest rate of performance-based pay with 75%, followed by Russia and Poland, with 70% and 55% respectively. The lowest rates across Europe were recorded in Denmark (21%), Sweden (24%), and Ireland (26%).
“Performance-based incentive schemes should be a win-win. Employees benefit from the opportunity to raise their pay package, while employers benefit from increased productivity and a more motivated workforce,” Gary Jones added. “A renewed focus on ways of increasing productivity in organisation has placed added emphasis on the role of pay in raising business performance.”