Available from Fox Lawson & Associates, a Division of GBS
As you begin to explore options for an improved compensation strategy, we at Fox Lawson & Associates, a division of Gallagher Benefit Services, Inc want to bring to your attention innovative practices that you might consider as a fitting way to keep your employees' motivated, mobilized, and ready for any challenge sent their way. Recently, our market surveys have shown a real step towards using gainsharing as a unifying tactic for organizations that want to tap into alternative payment and incentive programs.
Gainsharing is a unique, system-wide approach that fairly regulates and defines performance-based payments. In a typical gainsharing program, performance is measured via a pre-determined formula that normally centers on level of profit earned or production yielded during a monthly or quarterly time period. In essence, when an organization profits, so should each employee within that association.
We at Fox Lawson & Associates, a division of Gallagher Benefit Services, Inc can help your organization map out a clearly defined course in order to make sure the practice of gainsharing coincides with your organization's objectives, needs, and culture. From our market research, we are confident that gainsharing can promote a healthy work environment due to the high level of participation by every member of your organization.