Bonus of sight [2]

Many employers tried collective bonuses and personal bonus, after beginning to recognize the team prize value. "Most organizations reward the good results because of the team one by one people help each other, but with a team bonus." Said Mike Cowie.

Wei Ziman agree. "Team Bonus produce better cross-sector actors. In the group bonus system, there will be more counseling, more guidance to cover the entire organization, while internal competition will be reduced."

Some employers with multi-level bonus program will mix a variety of bonus modes. Company bonus, bonus and team bonus each individual part.

Once an employer decides to adopt this hybrid scheme, the next question is the weight of each part.

"The higher the level of work, reflecting the company's performance should be part of the larger," Gross said. "CEO's salary is determined by the company 100 percent success. For the manager, should be half of the company, half the team, as manager of personal success is the team's success. For the receptionist, the mixture of 80% should be personal, 20% company. "

Wei Ziman said, adding that the importance of personal relationship with the company determines the overall performance of the weight way. "You have assessed and paid by you, is what you get."

Communication is fundamental

To ensure the bonus is scheduled to run well, the employer must be clear communication with employees. "If the employees lack of understanding, lack of communication for the company, most bonus plans to fail," Mak said its dimensions.

In order to avoid setbacks, the company should explain to employees and to remind managers that they can not see results overnight. "Everyone must learn to know-how," Mak said its dimensions. "You want people to different things to due diligence. This process may be a year or even 2 to 3 years. You need to have patience."

Case: Boston Children's Hospital

Boston Children's Hospital is designed to improve cash flow, implemented a new bonus scheme. In the process, the problems they encounter are very representative.

Hospital receivables department, "just replace the seven toll system, the new system is deeply flawed," the hospital's executive vice president of human resources Han Kaisi said. "Staff have strong views on morale impact."

In fact, patients Nickell, director of the Department of Financial Services, said the bill is issued, the Financial Services Department to use more than 100 days to recover the balance.

Hospital charges determined to shorten the cycle to improve cash flow. To do this, they asked Michael to help design its peacekeeping-related bonus policy, the Department of Financial Services staff to recognize and document processing, quarterly cash flow of the relationship between the number of days.







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Bonus of SIGHT [2]