Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

& Whitney A Wall Street Journal article (December 26, 1996) describes a series of changes at the Pratt & Whitney plant in Maine that manufactures

image text in transcribed

& Whitney A Wall Street Journal article (December 26, 1996) describes a series of changes at the Pratt & Whitney plant in Maine that manufactures parts for jet engines. In 1993, it was about to be closed because of high operating costs and inefficiencies. A new plant manager overhauled operations He broadened job descriptions so inspectors do 15 percent more work than they did five years ago. A "results-sharing" plan pays hourly employees if the plant exceeds targets such as cost cutting and on-time delivery. Now, everyone is looking to cut costs. Hourly employees also helped design a new pay scheme that is linked to the amount of train- ing, not seniority, that an employee has. This was after the plant manager drafted 22 factory-floor a conference room, and told them to draft a new pay plan linked to learning. Shop-floor wages vary between $9 and $19 per hour with the most money going to people running special cost studies or quality projects, tasks previously held by managers. This text emphasizes the importance of keeping all three legs of the stool in balance. Identify the changes Pratt & Whitney made to all three legs of the stool at its Maine plant

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Finesse An Accounting Guide For Entrepreneurs

Authors: TaShara Ramese

1st Edition

1732510903, 978-1732510906

More Books

Students also viewed these Accounting questions