HRM 3490 Lecture Notes - Lecture 11: Repeated Measures Design, Work Unit, Pension

• School: York University
• Department: Human Resources Management
• Course: HRM 3490
• Professor: Parbudyal Singh

Document Summary

Gain sharing plans: emp in a work group are able to reduce costs or increase productivity, portion of these gains are shared in a systematic way among all members of the work group. Rucker: expresses labor costs as a percentage of value added, similar to scanlon emp benefit form reductions in raw materials or any other purchased input and are therefore motivated to find ways to reduce these costs. Improshare: focuses on labor hours per unit of output, doesn"t include worker participation: when productivity exceeds base productivity factor, bonus is paid. Defining group: emps who"re in position to significantly affect results of plan should be included. Bonus formula: determine which criteria is appropriate for its situation number of performance measures with modifiers to constrain undesirable behavior. Defining baseline: so you can compare productivity to determine whether real productivity gains have actually taken place. Deciding the share: so you can divide the bonus pool created by productivity gains.