When to use Engineered Labor Standards vs. Reasonable Expectancies.

Executive summary: Utilizing labor standards is a critical part of a successful labor management program. Multi-determinant engineered labor standards provide a more accurate performance expectation as compared to reasonable expectancies. An LMS is instrumental in developing fair labor standards and managing performance. In an era of evolving labor demands including protecting employee welfare while still […]

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 […]