Look at the continuing influence of the founder of the company.
Even after the death of the founder, the attitudes and productivity of the workers has remained just as high if not higher than before his passing. The profitability and stability of the company has been just as stable all thanks to the culture and benefits that Mr Lincoln lived and encouraged in his company and employees.
the incentive management plan, the rates of pay are determined by other pay structures of comparable jobs in the area or as a piece rate of product produced. These rates are adjusted quarterly by the local consumer price index. This compensation can be doubled by the end of the year bonus that they can get by good performance appraisals.
the performance appraisal system,
Twice a year …show more content…
Open communication within the company seems to be very efficient and works well for them. With the increased level of open communication I believe that any problems that may arise can be quickly taken care of. I have worked in a company that had this type of open communication in a company I have worked for and it worked very well. The company had an open architecture with no walls between departments and it was very easy to get problems taken care of quickly. the merit pay plan,
Their end of the year bonus which can normally be up to the total pay for a year is tied to their performance. The biannual evaluations are assigned points and these determine the total bonus they get at the end of the year. The harder and more efficiently they work, the greater their evaluations and the more points they get towards their bonus. The points normally go up to 100 points equivelant to 100 percent of their annual pay. Occasionally the points can be up to 110 and they get more than their annual pay in the form of a
Even after the death of the founder, the attitudes and productivity of the workers has remained just as high if not higher than before his passing. The profitability and stability of the company has been just as stable all thanks to the culture and benefits that Mr Lincoln lived and encouraged in his company and employees.
the incentive management plan, the rates of pay are determined by other pay structures of comparable jobs in the area or as a piece rate of product produced. These rates are adjusted quarterly by the local consumer price index. This compensation can be doubled by the end of the year bonus that they can get by good performance appraisals.
the performance appraisal system,
Twice a year …show more content…
Open communication within the company seems to be very efficient and works well for them. With the increased level of open communication I believe that any problems that may arise can be quickly taken care of. I have worked in a company that had this type of open communication in a company I have worked for and it worked very well. The company had an open architecture with no walls between departments and it was very easy to get problems taken care of quickly. the merit pay plan,
Their end of the year bonus which can normally be up to the total pay for a year is tied to their performance. The biannual evaluations are assigned points and these determine the total bonus they get at the end of the year. The harder and more efficiently they work, the greater their evaluations and the more points they get towards their bonus. The points normally go up to 100 points equivelant to 100 percent of their annual pay. Occasionally the points can be up to 110 and they get more than their annual pay in the form of a