Do you want to strengthen the motivation of your employees?
There are big corporations that offer creative financial schemes to further motivate their employees. One of these methods is called profit sharing, which is essentially the allocation of a certain percentage of the organization’s earnings to its employees. Another method is stock ownership, where employees own shares of the company in which they work.
This is a very viable means of motivation because workers are entitled to these attractive financial schemes. Who would not work hard if employees are given financial rewards from the net profit of the organization? Who would not work hard if employees are offered shares in the company they work for? Stock ownership is actually being implemented by big corporations worldwide. However, the globalized economy makes stock ownership quite risky.
For example, if an economic power such as the United States, China, Japan, or other economically powerful nations experience problems with their economy, there is always the risk that your local stock market will also be affected, which may result in the devaluation of your local stocks. Nevertheless, this is still a good scheme to impress upon employees that they are valued by their organization.
How about small-scale businesses? Can they also offer profit sharing to their workers? Of course, they can! This can be done by forging an agreement with employees that they shall be entitled to a certain percentage of the organization’s yearly net profit.
Profit sharing and stock ownership are very effective motivational tools that are seldom used by organizations. Why? For the simple reason that there are greedy business owners who only want the fruits of their organization for themselves. They do not want to share them with their workforce, who play a big part in the realization of organizational goals.
Why not try sharing a percentage of your profit with your employees? Why not offer them the option of stock ownership? See how they will plow back this goodwill in terms of motivation and concern for the well-being of the organization. – Marino J. Dasmarinas
