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. […]
