| GainShare programs are used to keep the employees
focused on safe and accurate methods of performing their value added
activities.
Genesis will assist the company in establishing baseline goal
levels for Safety and Accuracy GainShare. Additional compensation is
paid for above baseline performance, such as lack of lost time
injuries, minimal mispicks and shortages, and lack of vehicular
accidents. As the name GainShare implies, there must be a benefit
for both the company and the employee – Gain Share. The company
gains by reduced costs and shares the savings with the employees.
When designed correctly there is no additional cost to the company,
all GainShare Pay comes from money saved.
Safety GainShare is based on the lack of incidents over time. The
longer an employee performs without a lost time injury or vehicular
accident the higher their GainShare rate will become based on their
unit pay component.
For selectors the GainShare rate can be applied to the number of
units selected, for forklift operators the GainShare rate can be
applied to the number of pallets moved, and for truck drivers the
GainShare rate can be applied to the number of miles driven.
Accuracy GainShare is based on performing above baseline for
selected categories. Using mispick and shortage errors as an
example:
- When errors are less than baseline, GainShare per unit will
be positive.
- When errors are baseline, GainShare pay will be zero.
- When errors are more than baseline, GainShare will be
negative.
Transportation
GainShare can also be applied to On-Time Arrival and Lack of
Vehicular Accidents.
Even though
some GainShare categories have negative earnings, the total
GainShare pay cannot be negative. GainShare does not reduce or
increase the employee’s base pay areas of Event Pay, Unit Pay,
or Delay Pay.
Categories are
developed to the needs of the company. |
