My Gizmo--Update, Acid Test

Discussion of all things technological and/or gadgety
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First Shirt
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Joined: Mon Aug 18, 2008 11:32 pm

Re: My Gizmo

Post by First Shirt »

BDK wrote:I like that policy. I know I want to structure a profitability incentive somehow - production bonuses drove productivity through the roof.
I'm not sure how well it could apply outside of engineering, but I like it...
My company works on a "pay-for-production" basis. For example, we base a 100% bonus on your crew producing 1900 tons of prime, to-order steel during a 12-hour shift. So if your base rate is $15.00/hour, and your crews (day shift and night shift production is averaged, to keep one crew from screwing the other one) runs 7600 tons in a 24-hour shift, your hourly rate is $15.00 + 200% bonus = $45.00/hour. Our six-month average is 187%.

Not sure how that would work in an engineering environment, but it seems to work well for us.
But there ain't many troubles that a man caint fix, with seven hundred dollars and a thirty ought six."
Lindy Cooper Wisdom
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