3.0 Overview of Strategies to adopt if Agriculture Industry Collapses6
3.1 Increasing employee loyalty7
3.2 Business strategy and productivity improvements7
3.3 Restructuring the organization for better utilization of manpower7
3.4 Corporate communication 7
4.0 References8
1.0
“People leave when they don’t feel appreciated. That’s why we’ve made recognition a really high value. Our business is people-capability first; then you satisfy customers; then you make money.”
~ David Novak, CEO of YUM! Brands
Employees at Behlen Company have the opportunity to benefit from an incredible reward scheme. This reward scheme has been primarily broken down in a fixed scheme and a variable scheme.
Behlen Company Reward Scheme |
Based Pay Approach – Employees at Behlen receive fixed rate of $8 per hour for every hour of work. | Group Pay for Performance – * Profit Sharing * Gain Sharing * Employee Stock Ownership Plan |
* Profit Sharing:
Behlen distributes 20% of the annual profit made by the company among the employees. This would allow employees to directly contribute towards profitability of organisation which would enable them to increase their personal stake.
* Gain sharing:
This would enable employees to get rewarded based on productivity levels achieved as a team. Behlen employees can earn up to $1 additionally monthly based on the productivity levels they achieve as a team.
* ESOP:
Each employee at Behlen Company is provided
