Charles Cotton, performance and reward advisor for the Chartered Institute of Personnel and Development, explained that workers would prefer pay or bonuses to be linked with their performance, that of their team or the organisation as a whole.
He pointed out the CIPD carried out research at the end of last year concerning at pay awards and bonuses, which found that there was a 'great desire' for employees to share in the success of their organisation.
'This can be done in a number of ways; one is by owning the organisation, either by having income in shares or perhaps being allowed to buy shares at a discount - and there are a number of tax advantage schemes that allow that,' Mr Cotton explained.
The expert's comments follow the publication of a report by the Office for National Statistics, which showed that average earnings growth including bonuses decreased in the year to June 2010.
He added that another solution could be to have a profit share scheme, so if an organisation makes a certain amount of money, then employees get a bonus.
He pointed out the CIPD carried out research at the end of last year concerning at pay awards and bonuses, which found that there was a 'great desire' for employees to share in the success of their organisation.
'This can be done in a number of ways; one is by owning the organisation, either by having income in shares or perhaps being allowed to buy shares at a discount - and there are a number of tax advantage schemes that allow that,' Mr Cotton explained.
The expert's comments follow the publication of a report by the Office for National Statistics, which showed that average earnings growth including bonuses decreased in the year to June 2010.
He added that another solution could be to have a profit share scheme, so if an organisation makes a certain amount of money, then employees get a bonus.
