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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.
- Consistently increase base pay by 1% across all regions which will attract high caliber employees and better work habits
- An increase in base wages has a direct impact on productivity
- 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
- 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
- Offer higher supervisor salaries and ratio of workers to supervisors to enhance attention to detail and productivity
- New equipment so employees can produce pairs at a faster rate
Question:
Explain how above strategies will help the shoe company in any way?
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