Challenge: Loss of major customer threatened business; budgets cut to the bone; quick fix needed to stem layoffs
Solution: Created short-term Gainsharing Program to leverage recent business training to uncover hidden cost savings
Results: Over $300,000 in cost savings identified within 60 days; portion shared with employees; teamwork/sense of pride improved dramatically
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"A well-structured incentive program can boost productivity and instill a sense of shared responsibility among employees; a haphazardly designed program, on the other hand, can make a bad problem even worse."
– Michael Alter |
