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IF YOU PAY PEANUT MONKEYS WILL WORK FOR YOU…...... James Goldsmith
……………giving shares to staff as a means of motivation
Providing ownership rights to employee as incentive to boost productivity is increasingly being used particularly among blue chip organization, banks and others. Interest in the welfare of staff should not be limited to providing immediate reward for work done. The future of the staff after they must have left the employment of the organization should also be the concern of the employer.
Ownership of ordinary shares in a company entitled the beneficiaries to dividends given out of the profits of the company as long as the organization is in existence. So the staff that enjoys this benefit can be assured of regular source of income even after their productive life.
In addition, ordinary shareholders of a company possess voting rights.
In essence, any staffs who is also a shareholder has a right to contribute (in the proportion of the shareholding) to how the company is being run. One other advantage workers will derive from being made shareholders is the fact that they are in position to buy over the company or gain control in the future.
Management staffs who are shareholders are well positioned to acquire the company when such opportunities arises via Management Buy-out.
On the other hand, the employer stands to gain the following when you allow workers own shares in the organization:
Source: www.acworthrecruitment.com.au
• You will secure their strong loyalty and commitment.
• They are more likely to provide quality contribution to the business of the organization.
• They are also more likely to stay longer on the job. In this direction, the company will be able reap from whatever investment made into their lives i.e. they won’t after you must have trained them.
• They won’t give away trade secret. They are less likely to give away trade secret to competitors since they are also part owners of the company.
EMPLOYEES, SHARES OWNERSHIP SCHEMES AVAILABLE.
- Productivity bonus issued in form of shares. Christmas bonus or other bonuses can be given in form of shares. This will prevent the company from paying out cash while the staffs are being rewarded at the same time.
- Conversions of commission payable to workers (i.e. salesmen, marketing people) to shares.
- Staffs shares allocations during public offers. Staffs are normally allowed a percentage of shares on offer during a public issue. The staff can be allowed to pay for such shares with the deduction from their salaries and allowances.
- As part of total Remuneration packages of Executive staff. Banks us this method to secure the loyalty of top Executives. Managements staffs are normally allocated shares in the company in addition to other benefits attached to their positions.
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Do not consider what people say about you. Every human has a treasure residing inside of him or her. I know of a man who was a school dropout but a heavenly HEROES MAKER. What people say about you now may not be your destiny in God’s diary, live above your fear and anxiety; whatever you desire God will give to you.
You may be a Zero today, but tomorrow you will surely become a Hero. A nonentity, but have a heavenly identity. God has placed every man in a place of VICTORY.