Variable pay to motivate its machine operators to stay

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Reference no: EM132293797

Scenario:

Roy: John, I heard some folks are mad because the health insurance copay went up, is that true?

John: Yeah. I'm not real thrilled about it myself.

Roy: I know, I don't like it either. But the way health care costs are going up, you can't really blame the company...especially in this economy.

John: Our benefits aren't as good as Acme's, and I've heard a couple of people say they're waiting until Acme starts hiring again. At Acme they get 3 weeks’ vacation after 5 years of service and they get 2 extra floater holidays every year. Why don't we do that?

Roy: Most employees don't realize all the benefits they're getting. If they get laid off, they get unemployment benefits, our company pays half of their Social Security contribution every month, and we have a great retirement plan - with a good pension.

John: Yeah, I know, you're right that people don't realize how much money the company spends on their benefits. But every time I have somebody new (because somebody went over to Acme) production really suffers. Not only is the new person slow, but it takes somebody else’s time to train them.

a. How could Bumpbie use variable pay to motivate its machine operators to stay?

b. To increase their productivity?

Reference no: EM132293797

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