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Unformatted text preview: All employees, supervisors, and managers have a quarterly goal to reach. This goal must be attainable and set by upper management. If employees reach the quarterly goal, they will receive a check that is three percent of their annual salary. If an employee is hourly, we will take their hourly rate and multiply this by a 40-hour workweek to come up with the figure. Overtime will not be included in the figure. This incentive plan is paid quarterly to all employees who achieve their goal. This incentive plan will motivate employees to work more effectively as well as keep them motivated and loyal to the company. By implementing these steps, the company will benefit because they will have satisfied employees. By keeping employees satisfied and happy, they will be more productive, which will in turn keep margins higher. This will also result in a reduction in the turnover rate that will help reduce lost productivity due to new hires. THE IMPACT OF HRM 3...
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- Spring '09