Gainsharing pays off — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
As employers experiment with all kinds of new incentive plans in an effort to motivate workers, gainsharing has proven particularly effective. It consists of a bonus plan that rewards work teams who increase productivity or cut costs. Popular at both small and large companies, gainsharing programs work best when organizations distribute bonuses monthly or quarterly, not annually. Businesses offer team incentives either through straight percentage bonuses (between 2 and 10 percent) or by dividing the pot of savings produced by the team. Example: A Greensburg, Ind., company saved $400,000 during the first seven months of gainsharing, and distributed half the savings to workers.
From the presidential race and global diplomacy to the sports world, negotiation has been in the news of late. The issues are vastly different, but these negotiations have one thing in common: The parties view each other with distrust and sometimes dislike. How do you "bargain with the devil”?...Click here to find out more.