BRISTOL, England, September 29, 2014 /PRNewswire/ --
Employees who take part in a company share plan take less
absence, are less likely to leave the firm, and work longer hours;
as well as being more satisfied with their jobs.
Research from the National Institute of Economic and Social
Research (NIESR) and London School of
Economics (LSE), commissioned by Computershare (ASX: CPU),
the largest global provider of employee share plans, shows how
offering a plan can make a significant difference to workforce
performance.
In the research, a majority of share plan members thought share
plan membership increased their motivation, reduced the likelihood
they would leave the firm and made it more likely that they would
recommend the company to others.
The research was conducted by senior research professionals at
NIESR and LSE over six months across nine countries (UK,
Ireland, Australia, New
Zealand, the USA,
Canada, Hong Kong, Germany and South
Africa). It surveyed over 3,800 Computershare staff and
evaluated their perceptions and resulting behavioural actions,
whether or not they were in a company share plan.
Headline results include findings that compared to similar
non-members, plan members:
- Are less likely to quit the firm
- Take less absence
- Work longer hours
- Are more satisfied with their jobs
- and are more committed to the firm.
Although it is difficult to establish categorically whether the
link between plan membership and productive behaviours is a causal
one, a majority of members said that membership increased their
motivation. The research also highlighted other benefits of having
a well-designed share plan in your benefits package:
- 36% of respondents said that a share plan was likely to attract
talented people to the Company
- 43% of respondents said that the share plan made it more likely
they'd recommend the firm to others, with the effect much higher
for members (55%) versus non-members (34%)
"Although there are signs that the economy is picking up; it
remains vital for companies to understand whether the money they're
investing in employee reward and engagement is giving them
measurable benefit. For firms looking to attract or incentivise
talented people, this research indicates that an effective share
plan can be a key tool in the overall benefit package", said
Martyn Drake, Managing Director at
Computershare.
Alex Bryson and John Forth, the researchers who undertook the
study said: "Although this study does not provide definitive
evidence of a causal link between share plan membership and worker
productivity, the findings do point in that direction. What's
more, employees themselves maintain that there is a causal link
between being in the plan, the way they behave, and how they feel
about the firm. This is in line with research we and others
have undertaken in the past".
For a copy of the results summary and key findings, please visit
http://www.computershare.com/survey2014 to download your free
copy.
About Computershare Limited (CPU)
Computershare (ASX: CPU) is a global market leader in transfer
agency and share registration, employee equity plans, proxy
solicitation and stakeholder communications. We also specialise in
corporate trust, mortgage, bankruptcy, class action, utility and
tax voucher administration, and a range of other diversified
financial and governance services.
Founded in 1978, Computershare is renowned for its expertise in
high integrity data management, high volume transaction processing
and reconciliations, payments and stakeholder engagement. Many of
the world's leading organisations use us to streamline and maximise
the value of relationships with their investors, employees,
creditors and customers.
Computershare is represented in all major financial markets and
has over 14,000 employees worldwide.
For more information, visit http://www.computershare.com
