SAO PAULO, BRAZIL--(Marketwired - Jun 24, 2013) - There is widespread support for performance-based pay among employees in Brazil, according to the latest findings from an annual survey conducted by workforce solutions leader Kelly Services. The Kelly Global Workforce Index (KGWI) surveyed more than 120,000 people in 310 countries, including Brazil.
Nearly half of respondents already are employed on variable pay arrangements, and many others responded that they would become more productive if they were. A total of 48 percent of respondents have their pay tied to some form of performance or productivity targets, according to the latest findings from the KGWI survey.
Among those not on performance-based pay, 50 percent say they say they would be more productive if they had their earnings linked to performance/productivity outcomes.
Sergio Gómez, Vice President of Latin American 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 they want the opportunity to be compensated according to their performance," Gomez said.
Results of the survey in Brazil also show:
- The incidence of performance pay is higher among older workers in the Gen X and Baby Boomer demographics.
- When asked to choose between pay for overtime worked, and pay-for-performance, more than two-thirds (68 percent) opt for pay-for-performance.
- Only 38 percent of those surveyed agree that their current pay is equitable.
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.
Gomez 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 schemes can be a win-win situation. Employees can benefit from the opportunity to work smarter and raise their earnings capacity, while employers benefit from increased productivity and a more engaged workforce," said Gomez.
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® Press Room or www.kellyservices.com.
About the Kelly Global Workforce Index™
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®
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