How to use money to motivate consistently and effectively

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Paying employees for their performance is seldom used effectively in manufacturing operations, but some plants that use such incentives have reported from a 10 to 20 percent increase in employee pay and a corresponding 10 to 40 percent decrease in labor cost per ton combined with improved material yield and less customer returns. This presentation discusses two basic pay programs.

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Description

Paying employees for their performance is seldom used effectively in manufacturing operations, but some plants that use such incentives have reported from a 10 to 20 percent increase in employee pay and a corresponding 10 to 40 percent decrease in labor cost per ton combined with improved material yield and less customer returns. This presentation discusses two basic pay programs.

Additional information

Author(s)

Kevin A. Synan, Mar-Mac Wire, USA

Publication/Event/Pages

Paper presented at WAI 72nd Annual Convention, Chicago, IL USA. Paper published in Wire Journal International, June 2003, pg. 60.

Year

2002