OL325 GAIN SHARING
SOUTHERN NEW HAMPSHIRE UNIVERSITY OL-325 TOTAL REWARDS KUUMBA MADISON 1/16/15 GAIN SHARING AT CIRCLEWORKS Circleworks has been making quality custom bicycles for customers for 50 years. Our small family run company has enjoyed the success of satisfying our loyal customers for years. The other component to our success is our loyal employees. They come to work each day and give 100 percent to make sure each bike is completed to specification. This has allowed us to create a solid trustworthy brand that defines hard work and quality.
This is a changing time economically for Circleworks. Growth has been experienced over the past 50 years. With this growth comes change. We can no longer manage the business under the same business model that was created 50 years ago. There is a concern about our employee’s motivation and moral. These are the employees that put so much into our brand.
I would suggest a Gain Sharing for Circleworks. This would allow employees feel like their efforts are truly for the company. The employees would be rewarded for key performance. This would help foster a culture of continuous improvement. Our employees would flourish under this change. They would constantly put forth a strong effort because there is something they can gain.
A team can be assembled to create the functions and components of the program. The employees will continue to work in teams. Goals will be set and based to fulfillment of those goal, they will be rewarded. This will increase production substantially. Increased production means increased profits which will be distributed into the sharing program.
This is a changing time economically for Circleworks. Growth has been experienced over the past 50 years. With this growth comes change. We can no longer manage the business under the same business model that was created 50 years ago. There is a concern about our employee’s motivation and moral. These are the employees that put so much into our brand.
I would suggest a Gain Sharing for Circleworks. This would allow employees feel like their efforts are truly for the company. The employees would be rewarded for key performance. This would help foster a culture of continuous improvement. Our employees would flourish under this change. They would constantly put forth a strong effort because there is something they can gain.
A team can be assembled to create the functions and components of the program. The employees will continue to work in teams. Goals will be set and based to fulfillment of those goal, they will be rewarded. This will increase production substantially. Increased production means increased profits which will be distributed into the sharing program.