Examlex
XYZ project organization has one workstation that is capable of generating the drawings that their clients study before accepting XYZ's bid.XYZ is currently in the midst of three proposal projects and knows exactly when it will need to use the workstation.All other work to be done,both before and after the workstation is used,is scheduled such that it flows to the workstation and keeps it busy.Resources used after this step are less critical;so while the subsequent work and resources are important,they aren't viewed with the same reverence as the workstation.This is an example of:
Indirect Pay
Compensation that employees receive indirectly, including various types of insurance, retirement benefits, educational assistance, and other non-wage perks.
Principles
Fundamental truths or propositions that serve as the foundation for a system of belief, behavior, or reasoning.
Goal-Sharing
A strategy where organizational objectives are communicated and shared among team members to ensure alignment and foster cooperation.
Gain-Sharing
A performance-based compensation strategy where employees receive benefits from the cost-saving measures they contribute to.
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