Employee motivation: Expert suggests offering staff shares in future success
Date: 01/04/2011
Offering staff shares in a company could improve employee motivation when bosses can't offer a pay rise, an expert has said.
Charles Cotton, performance and reward adviser at the Chartered Institute of Personnel and Development (CIPD), said that offering a share in future success could maintain staff performance and engagement during times of financial constraint.
"It might be that in lieu of a pay rise you could offer them some shares in the organisation, and if the organisation then starts to return to profit they have got these shares that they can potentially cash in," Mr Cotton said.
"You could also offer some sort of profit share when you return to profit."
Earlier this week a study from Thomsons Online Benefits said that around 90 per cent of bosses now want to offer staff flexible incentives and recognition.
It said that only 38 per cent of employers had a written reward strategy.
Posted by Elizabeth Mewes
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