What other incentives apart from can be introduced to

Assignment Help Business Management

Reference no: EM13781803

The Situation: Several years ago, our manufacturing facilities in Canada and USA began to transition from traditional hierarchical organizations to matrix organizations. At the same time, Leggett & Platt introduced a group / team approach to bonuses across all facilities. Prior to the group / team approach, bonuses were based on individual contribution and achievement. It was not unusual to see disparity in annual bonus payouts among individuals assigned to the same job class. The group/team approach means all members of the same job class have a common bonus potential expressed as a % of their individual base salary. Bonus payouts are driven by group/team performance to a set of five equally weighted facility operating metrics including: Quality, Delivery, Health & Safety, and Financial performance. Payouts are quarterly. The group / teams are comprised of all salaried employees at the facility who are bonus eligible. Some of our longer service employees have expressed some frustration with this bonus system and have requested return to a bonus system based on individual contribution and achievement. It should be noted that in no instance has an individual employee's bonus potential been reduced.

QUESTION: What other incentives apart from $$ can be introduced to drive ultimate team performance?

Reference no: EM13781803

Questions Cloud

Identify and describe how information is used and how it flo : Identify and describe how information is used and how it flows in an organization. Explain this use in your current place of employment or an organization you are familiar with. Describe concerns with properly controlling this flow, including keeping..

Importance of understanding the external environment : Given the importance of understanding the external environment, why do some firms fail to do so? Give an example of a firm that did not understand its external environment. What were the implications of the firm’s failure to understand that environme..

Benefit provided by e-commerce : Which of the following is NOT a benefit provided by e-commerce? Why has the practice of running frequent sales often backfired for retailers? Which of the following statements about the use of color in retail stores is true?

Write a paper about can an ethical bank support guns : Write a paper about case study Can an 'Ethical" Bank Support Guns and Frac king? by Christopher Marquis and Juan Almandoz.

What other incentives apart from can be introduced to : The Situation: Several years ago, our manufacturing facilities in Canada and USA began to transition from traditional hierarchical organizations to matrix organizations. At the same time, Leggett & Platt introduced a group / team approach to bonuses ..

Evolution of the juvenile justice system in western world : Describe the history and evolution of the juvenile justice system in the Western world, and list the six categories of children recognized by the laws of most states

Which is not benefit provided by e-commerce : Which of the following is NOT one of the four main roles performed by marketing communication? Which of the following is NOT a benefit provided by e-commerce?

Stereotyping-prejudice and discrimination : Describe an experience you have had or observed in which stereotyping and prejudice led to discrimination. Speculate on the primary causes that led to the behavior of discrimination. (Do not use the names of people you discuss.

Write paper about freud and rogers : Write a 1,050- to 1,400-word paper about Freud and Rogers that addresses the following:Provide a summary of each article, highlighting the processes that contemporary psychologists use to develop the theories of Freud and Rogers

User Account

All Pages