Do you want to strengthen the motivation of your employees?
There are big corporations that offer creative financial schemes for their employees to further motivate them. One of this method is called profit sharing; this is basically the allocation of a certain percentage of the organization’s earning to its employees. Another method is stocks ownership, here employees own shares of stocks in the company where they are working for.
This is a very
viable means for motivation for the reason that workers are entitled to this
attractive financial scheme. Who will not work hard if employees are given
financial rewards from the net profit of the organization? Who will not work hard if employees are
offered shares of stocks by the company that they are working for? Stocks
ownership is actually being undertaken by big corporations worldwide. But on
the other hand the globalized economy makes stock ownership quite risky.
For example, if an economic power such as the United States, China, Japan and
other economically powerful nations have a problem with their economy. There is
always that risk that your own local stock market would also be affected. And
it might result to the devaluation of the value of your local stocks.
Nevertheless this is still a good scheme to impress upon the minds of employees
that they are valued by their organization.
How about for 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 an organization’s yearly net profit.
Profit sharing and stocks ownership are very effective motivational tool that is seldom used by organization. Why? For the simple reason that there are greedy organizations/business owners. They only want for themselves the fruits of their organization; they don’t want to share it with their workforce who plays a big part in the realization of the organizational goals.
Why not try sharing a percentage of your profit with your employees and
why not offer them stocks ownership option? And see how they will plough back
this goodwill in terms of their motivation and concern for the well being of
the organization. - Marino J. Dasmarinas
