Incentive: how three companies cut costs

Article Abstract:

Three case studies are examined that detail how companies used incentive programs to help cut costs. Two of the plans are aimed at stemming chronic absenteeism. New York Life Insurance Co. places the names of all employees who have not missed work into a lottery for bonds ranging from $200 to $1,000. A somewhat less ambitious plan is in place at the New York City Postal Service, where employees who always show up get a chance to win two tickets to a Broadway show. A slightly different tack has been taken by Quill Corporation of Illinois. The company created a fund based upon money saved by employees utilizing money-saving health and medical practices. The fund was shared among participating workers as a 'good health' bonus. It resulted in a 30 percent reduction in company health care costs.

Management, Economic aspects, Employee motivation, Worker absenteeism, Absenteeism (Labor), New York Life Insurance Co., Cost control, Quill Corp., New York City Postal Service

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Summer hours and the issue of flextime

Article Abstract:

Minneapolis-based Lakewood Publications and Chicago-based Borg Warner Corp are exemplary of firms implementing a flexible hour program called summer scheduling. Employees add hours at the beginning or end of some workdays in order to leave midday on Fridays during the summer. A 1987 Personnel Journal poll of 100 human resources executives found that 27 percent of respondents work for firms that already offer some kind of flexible scheduling, with 15 percent making the program available all year, and 12 percent only during the summer months. Flexible scheduling programs can boost employee morale and ease commuting woes. Summer scheduling is likely to remain a diverting tangent to the larger flextime issue until it can be offered equitably to all employees within a company.

Innovations, Flexible work hours, Flexible hours

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A tale of three companies

Article Abstract:

Mary Kay Cosmetics was faced with the unpleasant task reducing its workforce due to a drop in sales during 1984. Rather than lay off the employees, the company acted to lend some workers from the manufacturing group to another company. The search firm McKeen, Melancon and Co. located the prosperous Switch Corp. which agreed to take the workers from Mary Kay on loan.

Planning, Cosmetics industry, Partnership, Partnerships, Labor supply, Labor force, Mary Kay Cosmetics Inc.

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