View Vince Bovino's profile
Gainsharing is a comprehensive process that inspires and financially motivates employees to positively change their workplace behaviors and work practices. It is this change that produces extraordinary improvements in operating performance.
When employees’ variable/incentive pay is linked to operating performance, operating performance will, in a significant way, improve.
Bovino Consulting Group’s Productivity & Quality Gainsharing model is at the cutting edge in leadership technology. From a global perspective, our Gainsharing model is a seamless integration of the following four systems:
- Performance Measurement System
Identifying and measuring a few Key Performance Indicators (the critical business drivers).
- Shared Rewards - Incentive Pay System
A motivational, variable-pay incentive system tied to factors that employees can influence.
- Performance & Rewards Communication System
Keeping employees informed using different formats and medium.
- Performance Improvement System
A team-based system for capturing and implementing employees’ ideas for improvement.
Gainsharing is a system to increase organizational effectiveness. It focuses all employees on a few common, critical, performance objectives called Key Performance Indicators (KPIs). Everyone has the same vision of what is important … the KPIs. Everyone has the same objectives … the KPIs. Everyone works to improve the same objectives … the KPIs. We call this “Perfect Organizational Alignment”
