Original Date: 06/29/1989
Revision Date: 01/18/2007
Information : Employee Involvement
Standard Industries' 65 employees are given considerable say in the company operation. Good job performance is recognized and rewarded in several ways. A President's Award is presented quarterly to the employee recommended by management or supervisory personnel and selected by the company president. The award includes a plaque, cash award, and a preferred parking space. Quarterly meetings are held at which all employees are briefed on the status of the company including costs and profits. At this meeting, each employee is given a cash bonus based on profitability. Employees are also eligible for an instant cash "mini" bonus of up to $50 at the discretion of the department manager for exceptional performance. These programs foster a strong employee loyalty and sense of involvement, encouraging the staff to develop ways to improve products, processes, and producibility.
Good communication in the company at all levels is strongly evident. Employees are kept informed on the status of current operations and are aware of the end use of the parts they are producing and the function of these parts in the overall system. All of these examples of employee involvement have resulted in the low employee turnover rate at Standard.
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