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Gainsharing Carl G Thor


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PPT on the book gainsharing by MR Carl G. Thor

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Gainsharing Carl G Thor

  1. 1. Presented by, Arijit Kumar Das B2-07 GIANSHARING CARL G. THOR
  2. 2. About The Author <ul><li>Carl G. Thor is The President of </li></ul><ul><li>Jarret Thor international, a </li></ul><ul><li>consulting farm specializing in </li></ul><ul><li>performance measurement and Gainsharing. </li></ul><ul><li>He was president and Vice Chairman of the American Productivity and Quality Center. </li></ul><ul><li>Employed in food and petroleum industries both in USA and Brazil. </li></ul>
  3. 3. <ul><li>CONTENTS: </li></ul><ul><li>What is Gainsharing </li></ul><ul><li>Planning for Gainsharing </li></ul><ul><li>Design for Gainsharing </li></ul><ul><li>Criticism </li></ul><ul><li>Conclusion </li></ul>
  4. 4. What Is Gainsharing <ul><li>An Improvement Strategy </li></ul><ul><li>An Involvement Strategy </li></ul><ul><li>A Compensation </li></ul><ul><li>Strategy </li></ul>
  5. 5. Planning <ul><li>Planning Issues: The factors to be considered before implementing a Gainsharing plan. </li></ul><ul><li>Planning Boundaries: Understanding the limitations of Gainsharing Plan. </li></ul><ul><li>Nature of Designing Team: What would be the ideal designing team. </li></ul>
  6. 6. Planning <ul><li>Involvement Linkage: The whole organization should be involved. </li></ul><ul><li>Individual Motivation: All the workers should find something in the plan for individual improvement. </li></ul><ul><li>PFK Plan: Profit for knowledge plan goes excellent with Gainsharing plan. </li></ul>
  7. 7. Launch and Post Launch <ul><li>There should be some strategies for launching the gainsharing plan and after launching there will be extensive care for updating the plan. </li></ul>
  8. 8. Design Issues <ul><li>Employee Eligibility: Before designing </li></ul><ul><li>the plan design team should be clear about eligibility. </li></ul><ul><li>Medium of Payment: How the bonus should be paid. </li></ul><ul><li>Distribution of Profit: There are some different aspects of distribution of profit. </li></ul><ul><li>Frequency of payment: How often should we pay. </li></ul>
  9. 9. Limitations <ul><li>Salary difference between workers and managers. </li></ul><ul><li>If the salary is already high. </li></ul><ul><li>It is not alone the best policy for workers who are already willing to giving the best. </li></ul><ul><li>Arrival of a new manager. </li></ul>
  10. 10. Criticism <ul><li>Very useful to learn the concept of Gainsharing. </li></ul><ul><li>It is not clearly defined the difference between other profit-sharing plans and Gainsharing. </li></ul>
  11. 11. Conclusion <ul><li>Profound knowledge about Gainsharing concept. </li></ul><ul><li>Deep understanding of organizational behavior. </li></ul>