OE | Rewards
Operational Excellence | Rewards
In our most recent blog we look at the sixth (of 15) main KPA that forms part of an Operational Excellence programme - Rewards, Benefits and Recognition.
Motivating Employees
In competitive industries, companies look to improve quality while reducing costs. Employee rewards, benefits and recognition programs are one method of motivating employees to change work habits and key behaviours for the benefit of the business and themselves.
Open Approach
Adopting a fair and open approach to basic pay should be the same for everyone and competencies and achievements should be rewarded whether personal or as part of a team.
Reflecting Success
The business’s success should be reflected in a rewards system with motivational recognition for employees and teams.
Recognising Outstanding Performance
Rewards, benefits, and recognition programmes have a valued place in any business, and you should first determine desired employee behaviours, skills, and accomplishments that will support your business goals. By rewarding and recognising outstanding performance, your company can have an edge in a competitive climate.
If you are looking to transform your manufacturing productivity, then you may need help in establishing an effective rewards, benefits and recognition programme.
The first step to achieving this is by completing an Operational Excellence programme.
eBook - First Steps to Operational Excellence
To read an overview of all 15 KPAs, download our eBook and find out what the first steps are to achieve Operational Excellence, and how you can take them…
