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Insurance

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The role of compensation in planning quality improvement

Article Abstract:

Many factors contribute to the success of quality management in a business organization. Companies must have the resources and information required by their industry while emphasizing the attainment of customer satisfaction as a constant goal. Employees must be allowed to participate more actively in corporate planning to keep them committed. Another method of retaining employee loyalty is through compensation incentives. However, these should be part of an overall program to ensure its effectivity.

Planning

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Unleash the power of teams with tailored pay

Article Abstract:

Many companies have boosted quality and productivity by using work teams. Work teams may be motivated to perform well if their unique properties are matched with the right work culture and compensation programs. Work teams are categorized into partnership, program project, work process and parallel teams. The different categories of work cultures are the network, process-oriented, time-based and functional cultures.

Management, Compensation and benefits, Work groups, Teamwork (Workplace)

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From bonuses to total rewards: thawing the big freeze

Article Abstract:

A comprehensive examination of compensation planning is presented. Striking a balance between cost reduction and employee retention is a difficult task.

United States, Wage Administration, Analysis, Employee retention

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