Question: Devise a team incentive plan that you think might work?

Answer: Successful process improvement activities depend upon the active involvement of the workforce. Group incentive systems are a method of engaging the workforce by providing financial rewards for performance, and help reinforce a winning spirit. Group incentive plans also give credibility to management efforts to improve processes by sharing some of the benefits in return for workforce contributions. So the aspects I would take care are the following: I would start with a leadership team and then engage key stakeholders and leaders to integrate into program design and decision making, both informing and enabling strategic direction using an accurate measurement of the organizations history, willingness, and ability to innovate. After researching the best talents on each layer of the organization, I would align them to the companys vision, make clear Levis mission, and motivated them to make change happen. Throughout Levis talents, I would define a strategy and set goals to design and implement them. Communication and feedback would be the key for success. I would establish a budget. To those who accepted responsibility for making change happen in all of the areas, I would measure and share performance results, motivating them by using incentives and rewards which would have to fit to the budget. Some approaches I would use are the following: Profit sharing: A plan that gives employees a share in the profits of the company. Defined Benefit plan: promises the participants a specific monthly benefit at retirement and may state this as an exact dollar amount. Team recognition events: Is a great way to establish a performance culture. Recognizing the extra efforts of teams that achieve high goals is personally rewarding, and can be accomplished without spending a lot of money. Everybody likes positive recognition.

BY: Abhishek Mishra ISBE-A//SS//10-12 (SB-4)