Presented by,

Arijit Kumar Das

B2-07

GIANSHARING

CARL G. THOR

About The Author

Carl G. Thor is The President of Jarret Thor international, a consulting farm specializing in performance measurement and Gainsharing.

He was president and Vice Chairman of the American Productivity and Quality Center.

Employed in food and petroleum industries both in USA and Brazil.

CONTENTS:

What is Gainsharing

Planning for Gainsharing

Design for Gainsharing

Criticism

Conclusion

What Is Gainsharing

An Improvement Strategy

An Involvement Strategy

A Compensation

Strategy

Planning

Planning Issues: The factors to be considered before implementing a Gainsharing plan.

Planning Boundaries: Understanding the limitations of Gainsharing Plan.

Nature of Designing Team: What would be the ideal designing team.

Planning

Involvement Linkage: The whole organization should be involved.

Individual Motivation: All the workers should find something in the plan for individual improvement.

PFK Plan: Profit for knowledge plan goes excellent with Gainsharing plan.

Launch and Post Launch

There should be some strategies for launching the gainsharing plan and after launching there will be extensive care for updating the plan.

Design Issues

Employee Eligibility: Before designing

the plan design team should be clear about eligibility.

Medium of Payment: How the bonus should be paid.

Distribution of Profit: There are some different aspects of distribution of profit.

Frequency of payment: How often should we pay.

Limitations

Salary difference between workers and managers.

If the salary is already high.

It is not alone the best policy for workers who are already willing to giving the best.

Arrival of a new manager.

Criticism

Very useful to learn the concept of Gainsharing.

It is not clearly defined the difference between other profit-sharing plans and Gainsharing.

Conclusion

Profound knowledge about Gainsharing concept.

Deep understanding of organizational behavior.