18 August 2010
Expert: Employees want performance-related pay
Employers eager to avoid any potential grievance hearings might be interested to note that an expert has said that many workers now want their pay to be performance-related.
According to Charles Cotton, performance and reward advisor for the Chartered Institute for Personnel and Development (CIPD), there is increasing demand among employees for their wages and contract terms to be more closely linked to their level of ability in the aftermath of the global economic downturn.
"Quite a lot of individuals [have] said they'd like [pay to be] linked to either their performance, the performance of their team or the performance of their organisation," he said.
Mr Cotton's comments came after the publication of data from the Office for National Statistics, which showed that average earnings growth in the UK slowed slightly from 1.8 per cent in May to 1.6 per cent one month later.
The expert concluded that schemes such as profit sharing could prove a good way for bosses to motivate their staff.
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Posted by Cheryl Bennett