Performance Pay Gaining Support Among Canadian Employees, According to Global
Survey by Kelly Services(R)
Latest Findings From Kelly Global Workforce Index(TM)
TORONTO -- (Marketwired) -- 06/24/13 -- There is widespread support
for performance-based pay among employees, according to the latest
findings from the Kelly Global Workforce Index (KGWI), an annual
survey conducted by workforce solutions leader Kelly Services. The
survey analyzed responses from more than 120,000 respondents in 31
countries, including more than 5,000 in Canada.
Survey results show that a total of 40 percent of respondents in
Canada have their pay based on some form of performance or
productivity targets, according to the latest findings from the KGWI,
while nearly a third of respondents are on variable pay arrangements.
Among those not on performance-based pay, 43 percent say they would
be more productive if they had their earnings linked to
Kristin Supancich, Vice President and General Manager of Canadian
Operations for Kelly Services, said the trend reflects widespread
recognition that organizations and individuals perform best when
their interests are aligned, including through incentive-based pay.
"There are many employees who are clearly confident in their ability
to perform their jobs well, and would like the opportunity to be
compensated according to their performance."
Results of the survey in Canada also show:
-- The incidence of performance pay is higher among younger workers in
the Gen Y and Gen X demographics, and also among males, and those with
professional or technical careers.
-- When asked to choose between pay for overtime worked, and
pay-for-performance, more than half (53 percent) opt for
-- Only half of those surveyed agree that their current pay is
-- Among Professional and Technical employees, the highest rates of
performance-based pay are in sales (68 percent), engineering (53
percent), marketing (53 percent), and IT (46 percent).
Performance based pay includes any arrangement where an element of the
total remuneration is tied to meeting performance targets, including
profit sharing, performance bonuses and sales commissions.
Supancich said a renewed focus on ways of lifting productivity in
enterprises has placed added emphasis on the role of remuneration in
raising business performance.
"Performance based incentive plans can be a win-win situation.
Employees can benefit from the opportunity to work smarter and boost
their earnings capacity, while employers benefit from increased
productivity and a more engaged workforce," Supancich said.
Complete findings are published in a new report, Paying for
Performance. For more information about the Kelly Global Workforce
Index and key regional and generational findings, please visit the
Kelly(R) Press Room. Canadian results can be found by visiting
About the Kelly Global Workforce Index(TM)
The Kelly Global Workforce Index is an annual survey revealing
opinions about work and the workplace from a generational viewpoint.
Approximately 122,000 people from the Americas, APAC and EMEA
participated in the survey. Results will be published throughout
2013 on a variety of topics such as employee retention, social media
and technology, and the changing workplace. Visit
www.kellyservices.com to review findings on the current topic.
About Kelly Services(R)
Kelly Services, Inc. (NASDAQ: KELYA) (NASDAQ: KELYB) is a leader in
providing workforce solutions. Kelly offers a comprehensive array of
outsourcing and consulting services as well as world-class staffing
on a temporary, temporary-to-hire, and direct-hire basis. Serving
clients around the globe, Kelly provides employment to more than
550,000 employees annually. Revenue in 2012 was $5.6 billion. Visit
www.kellyservices.com and connect with us on Facebook, LinkedIn, &
Twitter. Download The Talent Project, a free iPad app by Kelly
Kelly Services, Inc.
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