Describe Some Ways in Which Operations Managers Should Address Employee

question 56

Essay

Describe some ways in which operations managers should address employee working conditions.

---

Definitions:

Incentive Compensation

A form of payment designed to motivate and reward employees for achieving certain performance goals.

Cost Savings

The reduction in expenses achieved through efficiency improvements, price negotiations, or other methods, increasing overall profitability.

Profit Sharing

A company policy where a portion of the company's profits is distributed to its employees, often based on their performance or seniority.

Lump-Sum Bonus

A one-time payment given to an employee in addition to their regular salary, often as a reward for performance, achievement, or as part of benefits.