A 3000-people manufacturing inspection company had traditionally allocated employee bonuses as a routine performance appraisal exercise, without linking such pay to performance. Naturally, there were chronic issues in productivity losses and top talent attrition across units.
HR Outsourcing Initiatives included:-
As a result, incentives were solely based on an employee’s contribution to the overall business.
This practice rewarded high performers substantially more, and inter-linked incentives among team members. In one stroke, the company saw improved top talent retention and productivity across units; as a result, average unit savings rose by 10% in less than a year!