Pay Rates Based On Performance
Pay for performance (PFP) or gainsharing pricing models can be effective strategies to improve productivity and quality and ultimately to cut costs. Developing and delivering solutions that align pay with performance is a strategy to that helps you remain competitive and drives program value.
PFP programs are based on the premise that pay is one of the greatest motivators. The idea is to pay the associates for their work while allowing high performers to earn significantly more than lower performers. This provides associates with a financial incentive to perform better than before and directs outcomes that are important to your organization such as improved productivity and reduced rework. When effectively administered, PFP plans can increase individual productivity significantly and lower variable labor cost per unit produced.
You’ll See Tangible Results & ROI
Our holistic managed services platform allows us to drive measurable results across the entire value stream. Staff Management | SMX delivers a customized, end-to-end solution designed from the inside out that aligns program needs and performance with your overall business objectives.
Results you can expect from our holistic managed services program:
- Eliminating repetitive and inefficient processes
- Increasing productivity and fill rates
- Improving quality control
- Reducing operational costs
- Meeting your output objectives
Lean Principles Form the Foundation of a Highly Efficient Program
Staff Management | SMX supplies the people, processes and technology that result in a contingent workforce operating at peak efficiency. Our experienced team leverages deep expertise to engineer a program that applies contingent workforce management best practices to optimize productivity and performance.
Opportunities for optimization are always present. Consistently identifying those opportunities and designing solutions that capitalize on them is the secret to building sustainable results. The foundation of success starts with our Five-Step Lean Assessment Process. Our industry veterans work closely with your teams to understand the program’s current state and to identify opportunities to improve productivity and save money.