PRODUCTIVITY, PROFIT & CBA OPPORTUNITIES

Slides:

Advertisements

Similar presentations

Chapter Thirteen Human Resource Management © 2007 The McGraw-Hill Companies, Inc., All Rights Reserved. McGraw-Hill/Irwin Introduction to Business.

Advertisements

Employee Motivation Student Name. Finding Ways to Motivate With minimal sales growth, the company must consider other methods to motivate employees.

Designing Compensation and Benefit Packages

23.2 The Employment Process Davian Talley & Mark Squires.

Copyright © 2002 by Harcourt, Inc. All rights reserved. Topic 17 : HR management: Financial Rewards Lecturer: Zhu Wenzhong.

Training. Introduction There are several approaches that can be taken with regards to developmental needs for managers and employees. The main factors.

What is Personnel administration?

Organizational Control

Lifelong learning Brussels Lifelong learning Municipal adult education Basic- and upper secondary education Continuing education program Labour.

Contingent pay- Incentives and rewards Individual Piece work: Uniform price per unit of production or pay is directly proportional to result Most piece.

INCENTIVE SCHEMES FOR DIRECT & INDIRECT WORKERS

MANPOWER PLANNING.

Chapter 24 Human Resource Planning

MEANING : Incentive are the rewards to an employee, over and above his base wage salary, in recognition of his performance and contribution. “An incentive.

“TRAINING” A tool for increasing manpower productivity By: Md

Employer / Employee Relations. Content Employee / Employer relations Different approaches to employee relations: Collective bargaining Individual bargaining.

Developing and Implementing Workforce Plans Workforce plans: detailed plans of how the business will implement its HR strategies Workforce planning aims.

 Supply and demand  Setting a mandated wage limit disrupts market supply and demand  As minimum wage goes up, the number of people employed goes down.

STANDARD GRADE BUSINESS MANAGEMENT REVISION Unit 1 - Introduction What organisations have in common – Name; aims; resources; image; rules Goods/services.

7-1 McGraw-Hill/Irwin Operations Management, Seventh Edition, by William J. Stevenson Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.

How do we determine pay? Equilibrium: where labor demanded (companies) = labor supplied (people)

BUS 210 Week 7 DQ 1 Check this A+ tutorial guideline at 210/BUS-210-Week-7-DQ-1 There are many ways that a company.

Measuring Workforce Effectiveness

Chapter 6 Pay, Benefits, and Working Conditions

Employee Pay and Benefits

People in Business The revision session!.

Internal stakeholders

2.7 Employer & Employee Relations

Compensation and Benefits

E. Planning and Preparing to Manage a Small Business

Human Resource Management

GCSE Business Studies Unit 2 Developing a Business

What You Can Expect From Your Employer

Questions Part 1 What does the law say you cannot do when employing staff? What is a decentralised structure? What is delayering?

Compensation & Rewards

Incentives and Performance-based Pay.

COSTING & CONTROL OF LABOUR

Organizational Behavior

Lean Production.

Finding and Keeping Good Employees

Chapter 20: Measuring the Effectiveness of the workforce

CHAPTER 11 COMPENSATION PowerPoint Presentation by Charlie Cook

The Office of Apprenticeship Training

Motivation Thursday 6th March 2014

Motivating Workers.

Chapter 9 Compensation and Benefits

Communism Socialism Laissez Faire Capitalism How the Economy Works

Ways People Are Paid.

ANNUAL HOLIDAYS.

Human Resource Management, Motivation, and Labor-Management Relations

Goal of advanced manufacturing is to maximize profit.

The Financial Implications of Work

Employee Benefit Package

Introduction to Business Lecture 18

E. Planning and Preparing to Manage a Small Business

TRAINING Some firms see training as a core element of HRM. It is seen as a key to improving employee attitude, motivation and performance. Others value.

MANAGING HUMAN RESOURCES

Chapter 6 Motivating Workers

PREPARATIONS FOR CBA NEGOTIATIONS

Section 4.1 Employability Skills

The Canadian Labour Movement and Collective Bargaining

Managing Human Resources

Who to Hire & What to Consider

Copyright ©2012 by Cengage Learning. All rights reserved.9- 1 Chapter 9 Compensation and Benefits Prepared by Joseph Mosca Monmouth University.

Chapter 6: Human Resources

Basic HR Staffing Training & Development Performance & Rewards 10pt

Presentation transcript:

PRODUCTIVITY, PROFIT & CBA OPPORTUNITIES INCENTIVE PAY SYSTEMS PRODUCTIVITY, PROFIT & CBA OPPORTUNITIES ADVANCE CBA

WHY SHOULD WE & HOW CAN WE USE INCENTIVE PAY SYSTEMS ? ADVANCE CBA

INCENTIVE PAY SYSTEMS IMPROVED PRODUCTIVITY COMPANY PROFIT NEGOTIATION OPPORTUNITIES /CBA BETTER EARNING IMPROVED LIVING CONDITIONS ADVANCE CBA

INCENTIVE PAY SYSTEMS PIECE WORK TEAM & GROUP PIECE WORK INDIVIDUAL BONUS TEAM & GROUP BONUS QUALITY WASTE TIME, TIMING & BE ON TIME PROFIT & TURNOVER SENORITY EDUCATION LEVEL, QUALIFICATIONS & SKILLS TYPE OF JOB – TYPE OF WORK OSH, ACCIDENTS, ILLNESS ETC. ADVANCE CBA

INCENTIVE PAY SYSTEMS PIECE WORK & BONUS INDIVIDUAL TEAM ALL EMPLOYEES ADVANCE CBA

WASTE REDUCTION - MATERIALS & HOURS INCENTIVE PAY SYSTEMS WASTE REDUCTION - MATERIALS & HOURS ADVANCE CBA

INCENTIVE PAY SYSTEMS PROFIT & TURNOVER ADVANCE CBA

HOW AND WHAT DO WE MEASURE? INCENTIVE PAY SYSTEMS HOW AND WHAT DO WE MEASURE? QUALITY WASTE PRODUCTION TIME TIME OF DELIVERY AMOUNT TOTAL PRODUCTION (Period) PROFIT AND TURNOVER WORKERS SKILLS/QUALIFICATIONS, TYPE OF JOB, ATTITUDES ADVANCE CBA

EXAMPLE OF TYPE OF WAGES INCENTIVE PAY SYSTEMS BONUS/RESULTS TYPE OF JOB/COMPETENCES MINIMUM /BASIC WAGES EXAMPLE OF TYPE OF WAGES FLEXIBILITY SENORITY ADVANCE CBA

How do we decide which system to choose? INCENTIVE PAY SYSTEMS TYPE OF SYSTEM? How do we decide which system to choose? ADVANCE CBA

INCENTIVE PAY SYSTEMS POINTS TO CHECK UP ! INDUSTRIAL RELATIONS ( AGREEMENT/CBA) INTRO TO MEMBERS BEFORE AGREEMENT TYPE OF ENTERPRISE – TYPE OF PRODUCTION SECURITY MIXED WITH PRODUCTIVITY VISIBILITY AND UNDERSTANDING AMONG MEMBERS BE AWARE ON OSH ISSUES WORK SMART – NOT FAST MOTIVATING SYSTEMS TRAINING & EQUAL OPPORTUNITIES ABOVE MINIMUM WAGES/SALARY ADVANCE CBA

INCENTIVE PAY SYSTEMS Thank you ! ADVANCE CBA