2018 - Group 7 | Overtime cost reduction through performance-based pay structures
Автор: Management Sciences and Management Engineering at the University of Waterloo
Загружено: 2018-03-08
Просмотров: 422
Group Members: Kevin Choi, Qi Han, Ryan Kwong, Bowen Liu
Shanghai Whitecat Special Chemical Co. is a manufacturer of commercial chemical products with approximately 30 production workers. The current pay structure is a base salary with overtime pay dependent on extra hours worked. This leads to employees working in an inefficient manner to increase overtime salary. To resolve this issue, the recommendation will be an implementation of a performance based pay structure with various metrics to fairly determine salaries. The recommendation consists of a choice of three models to best fit the company’s needs. The estimated saving for overtime cost is 5-10%
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