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IE in Apparel Manufacturing – XI

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Stitch World July, 2015

Incentive Schemes

With rising competition, the cost of manufacturing too is rising, making manufacturer’s life more difficult. There is always pressure to curb the operational costs and increase productivity. On the other hand, work force requires motivation to work. But are monetary incentives a key motivator? If yes, then how much incentive should be given and how should it be decided? The incentive given has to be justified and rational. It should be able to fulfil the purpose of productivity improvement otherwise it may result into huge financial loss to the organization and may even lead to unethical work practices. Designing and implementing incentive schemes are complex issues and involve active participation and accurate inputs from the IE Department. Given the different…

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Source: Stitch World July, 2015
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