Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (9312)	6/12/2006 2:34:16 PM
From: ManyMoose	Read Replies (1) \| Respond to of 71588

I know of an example where a failing government enterprise was turned around by giving the employees incentives based on their contributions to success independently of some supervisor recommending an award. The product of this enterprise was the most expensive in the entire system and performed the worst. A new manager came in, convinced the brass to go to an incentive system, and convinced the employees that they could make a difference to their own pocket books through their efforts at making the product cheaper and better performing. The employees bought into it, and sure enough the product got within reasonable cost and started performing better. The employees received the difference they earned. That's the key. They have to know that if they earn it they will benefit, no matter whether their supervisor is an award giver or not. I myself have had thousands of dollars worth of awards for various reasons. I did not 'earn' these awards in the sense that I knew I could work towards them through my performance. They depended on a supervisor writing it up and getting approval, or were part of a group award for some task being accomplished, or extra effort. I was happy to accept the money, but I had little or nothing to do with earning them. It was all a management decision, more or less imposed on me. Some supervisors like to give out awards and others take the position that people shouldn't get rewarded for doing their job since they already get their salary. The government incentive system has been encumbered by these competing philosophies, and has basically failed, in my opinion as a recipient.