Incentive remuneration not delivering role ownership?

The cartoon is facetious and exaggerates to make a point, but are you getting full value from your incentive remuneration scheme?

Performance related pay is supposed to motivate people to take more ownership of their role; to work harder, be productive and contribute more. But surveys indicating employee engagement of only 10-30% are clear evidence that incentive schemes are not working and that people contribution is falling.

My human capital management solution can definitely help you here too, for it creates:

• An effective new basis for rewarding your people's contribution.
• A unique method of creating employee ownership at little or no upfront cost, to either your company or your employees.
• The long-term commitment that all other schemes aim for, but fail to create.

It is no surprise, in light of this lack of employee engagement, that employers like you are actively seeking other ways to improve employee motivation and role ownership.

There is growing recognition that motivation is innate and efforts to generate it from the outside are, at best, short-term. This is why terms like intrapreneurship and employee empowerment are increasingly widely used; indicative of new initiatives to create the sense of role ownership and greater employee accountability originally intended from incentives.

The wider awareness of the value of people is fuelling recognition of the need for a more entrepreneurial attitude amongst employees and driving initiatives to encourage employee ownership through either employee share schemes or gain-sharing schemes or both. These, however, have inherent limitations because:

• Cash is king for lower earning employees, who thus tend to sell their shares and defeat the purpose.
• They hold little relevance for lower level employees who see little correlation between their role and profits.
• They are too often a top-down solution.

Even more significantly, however, they fail to make employees feel valued which is the key to igniting enthusiasm and the ultimate driver of self-motivation, which ensures the greater engagement and effort that powers productivity.

My unique solution is a catalyst that creates a 'culture of commitment', sparking the organisational zeal that solves all these problems.  

To find out more about my pioneering approach and how it can help you improve performance and manage your people assets more the effectively, download my free “Starter Guide” or simply contact me directly.