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Workforce compensation and training strategy: In production strategy. Consistently increase base pay by 1% across all regions which will attract high caliber employees and better

Workforce compensation and training strategy: In production strategy.

  1. Consistently increase base pay by 1% across all regions which will attract high caliber employees and better work habits
  2. An increase in base wages has a direct impact on productivity
  3. Depending on the number of models offered we will offer incentive pay to reduce rejects and increase productivity but not exceed $4.00 per pair
  4. Annually provide best practices training in all regions of between $200-$600 per worker but not exceeding this amount as the benefits above this were not worth the expense
  5. Offer higher supervisor salaries and ratio of workers to supervisors to enhance attention to detail and productivity
  6. New equipment so employees can produce pairs at a faster rate

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Explain how above strategies will help the shoe company in any way?

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