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RECOGNIZING EMPLOYEE CONTRIBUTIONS WITH PAY Chaper 13_Lec10, :fountain…

- - - - Need for change or commitment to continuous improvement
      - Management acceptance and encouragement of worker input
      - Management commitment
      - High levels of cooperation and interaction
      - Employment security
      - Information sharing on productivity and costs
      - Goal setting
      - Commitment of all parties to process improvement
      - Performance standards and calculations that are fair, relevant, and understandable
      - Employees who value working in groups
- - - - Traditionally have been granted to executives
      - Rights to buy certain number of
        shares of stock at specified price
    - - Employee stock ownership plan
      - Organization distributes shares of stock to all its employees by placing them in a trust
      - Most common form of ownership