Dear Friends,
I am preparing a Production Incentive Scheme in my organization. I am working in the Auto Component sector. Can anyone suggest to me what the best method for this would be? Also, if anybody can share their production incentive scheme currently running in their industry.
Thanks & Regards,
Ashok Kumar
09818646314
From India, Gurgaon
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8I am preparing a Production Incentive Scheme in my organization. I am working in the Auto Component sector. Can anyone suggest to me what the best method for this would be? Also, if anybody can share their production incentive scheme currently running in their industry.
Thanks & Regards,
Ashok Kumar
09818646314
From India, Gurgaon
Acknowledge(0)Amend(0)
Dear Ashok,
Usually you would find many ideas or ready reckoner/templates for giving production incentives…
Before you do that the following steps are essential :
Study of the processes – production process
Pysho-profiling of the individuals involved in the process – this is very essential to ensure that the scheme becomes successful.Identify the key players or opinion makers who make a difference in making the incentive plan.
Analyse the production data – calculate the average production and the factors accouting for it.
Philosophy for this new incentive – whys & hows. Views of GM-Ops & workers to be taken into account.
Cost implications of the incentive.
Remember to peg the target production above 30-40% of usual production and should be achievable.
Incentive process should be transparent and involve opinion makers in planning to ensure their support and influence others( also called buy –ins).
Hope this helps...
Cheerio
Rajat
From India, Pune
Acknowledge(0)Amend(0)
Usually you would find many ideas or ready reckoner/templates for giving production incentives…
Before you do that the following steps are essential :
Study of the processes – production process
Pysho-profiling of the individuals involved in the process – this is very essential to ensure that the scheme becomes successful.Identify the key players or opinion makers who make a difference in making the incentive plan.
Analyse the production data – calculate the average production and the factors accouting for it.
Philosophy for this new incentive – whys & hows. Views of GM-Ops & workers to be taken into account.
Cost implications of the incentive.
Remember to peg the target production above 30-40% of usual production and should be achievable.
Incentive process should be transparent and involve opinion makers in planning to ensure their support and influence others( also called buy –ins).
Hope this helps...
Cheerio
Rajat
From India, Pune
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PMRPY Scheme Guidelines.pdf