Buy custom LE: Incentive Sytems & Culture
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Business
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8 / 2227 |
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Also, performance bonuses are not exclusively for senior management, but production workers are held responsible for the company's profitability and are aligned to contribute to this by a significant share in the gains realized. In addition, guaranteed employment (in combination with extensive cross-training across functions) ensures employee commitment to the organization as well as more flexibility to market conditions by the cutting and expanding of working hours when economic conditions warrant this...
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In addition, guaranteed employment (in combination with extensive cross-training across functions) ensures employee commitment to the organization as well as more flexibility to market conditions by the cutting and expanding of working hours when economic conditions warrant this. Finally, low benefit levels provided by the company result in individual employees having more of a say in what form of compensation they would like to receive, as they are free to purchase insurances and other benefits with the cash payments they earn...
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LE: Incentive Sytems & Culture
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