Production Incentive Scheme [Thread 1191]

Dear Friends,
I am preparing Production Incentive Scheme in my organisation.I am working in Auto Component sector.Can any one suggest me that What shall be the best metod for This ,and If any body can share his/her production incentive scheme running in their Industry.
Thanks & Regards
Ashok Kumar
09818646314

Dear Ashok,

Usually you would find many ideas or ready reckoner/templates for giving production incentives…

Before you do that the following steps are essential :

 Study of the processes – production process

 Pysho-profiling of the individuals involved in the process – this is very essential to ensure that the scheme becomes successful.Identify the key players or opinion makers who make a difference in making the incentive plan.

 Analyse the production data – calculate the average production and the factors accouting for it.

 Philosophy for this new incentive – whys & hows. Views of GM-Ops & workers to be taken into account.

 Cost implications of the incentive.

 Remember to peg the target production above 30-40% of usual production and should be achievable.

 Incentive process should be transparent and involve opinion makers in planning to ensure their support and influence others( also called buy –ins).

Hope this helps...

Cheerio

Rajat

Hi Rajat,
Thanks for your valuable comments/advice. But if you/any our forum members have any prepared/ready reck scheme,which may provide guide lines for the same.It will be a great help to me.
Thanks & Regards
Ashok kumar