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Partnership share could boost productivity

Partnership share could boost productivity

Lawyers could be more productive if they had a share in the profits of the partnership, according to a survey. According to the latest survey from workforce solutions company Kelly Services,…

Lawyers could be more productive if they had a share in the profits of the partnership, according to a survey.

According to the latest survey from workforce solutions company Kelly Services, more than half (57 per cent) of Australians 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.

Thirty per cent of workers surveyed are currently in an arrangement where some of their pay is tied to performance targets, with Gen Y and Gen X employees much more likely to be on such a performance-based pay system, rather than the Baby Boomer generation.

Of those not receiving performance pay, more than one third (37 per cent) said they would be more productive if they had their earnings linked to performance outcomes, with Gen Y most attracted to this.

"Many employees are actually quite comfortable about some element of their compensation being tied to their individual or group performance," said managing director of Kelly Services Australia, Karen Colfer. "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 annual Kelly Global Workforce Index which obtained the views of approximately 134,000 people, including more than 20,000 in Australia.

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