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 […]
BUSINESS INTELLIGENCE SERIES #3 THE FOUR SIGNS YOU NEED BUSINESS INTELLIGENCE (BI) IN YOUR WAREHOUSE
BI in the warehouse is no longer “optional.” Organizations have too much data. It’s coming in from too many sources and stored in too many places. Getting value from that data is the key to surviving and thriving in 2022 and beyond. If any of the following four scenarios feel familiar to you, it’s time […]
BUSINESS INTELLIGENCE SERIES #2 USING LABOR MANAGEMENT & BUSINESS INTELLIGENCE TO BECOME AN EMPLOYER OF CHOICE.
It’s hard to believe what’s happening with warehouse wages. According to the results of a survey by GlobalTranz Enterprises, LLC, a leading technology-enabled third-party logistics solutions provider, nearly half (47%) of those surveyed said they would be paying higher salaries or wages to attract new talent and retain current employees before the end of the […]
BUSINESS INTELLIGENCE SERIES #1 TURNING INSIGHTS INTO ACTION IN YOUR WAREHOUSE.
Growth in data volumes and types is exploding. The opportunity to use data analytics to reshape your operations and drive profitability has never been more significant. In fact, according to a recent survey by McKinsey & Company, organizations that use analytics to inform decisions realize substantial gains. Reports show their data analytics initiatives have contributed […]