The Value of Incentive Pay in Labor Management System
Executive Summary: Incentive pay programs can lead to higher productivity, better retention, and labor cost savings. A successful incentive program requires well-defined performance metrics and a labor management system (LMS) to track and manage engineered labor standards. Non-monetary incentives also play a crucial role in fostering a culture of high performance. With the labor […]
Improving Company Culture with a Labor Management System System
Executive summary: A strong culture can help attract and retain top talent Creating a positive culture requires a strong labor management program A Labor Management System System (LMS) supports a good culture through real-time data and better engagement In today’s competitive labor market, businesses must look for ways to attract, retain and best utilize workers. […]
Tackle warehouse employee turnover in the few weeks of employment
Supply chain labor turnover continues to be a huge challenge for organizations. For many businesses, the turnover problem occurs within the first few weeks of employment. In fact, studies show approximately 20% of employees leave within their first 45 days of employment, and 30% leave within the first 90 days. While there are many factors […]
Best Practices for Onboarding Your Supply Chain Workforce
One way manufacturers and distributors can improve retention of their workforce is through the strategic use of employee onboarding…
