Accelerating organizational performance through an employee bonus plan.: An article from: Management Quarterly

This digital document is an article from Management Quarterly, published by National Rural Electric Cooperative Association on June 22, 1995. The length of the article is 2213 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The 28,000-member Wright-Hennepin Cooperative Electric Assn. (WH) in the Twin Cities, MN, is about to introduce an employee bonus plan in an effort to boost organizational performance. The board of directors and management hope that this initiative, to be instituted late 1995, will help the utility ward off competition entering the utility sector. Moreover, they expect the bonus plan to attract talented people and retain current employees who are making remarkable contributions to the cooperative and who might be considering job offers elsewhere. Developed by a committee of board members and management staff, the bonus system will reward employees who show improved performance with an amount equivalent to 5% of the total base salary. As a result of the plan, employees have become more goal-oriented and outcome-oriented in their thinking.

Citation Details
Title: Accelerating organizational performance through an employee bonus plan.
Author: Mark V. Vogt
Publication:Management Quarterly (Magazine/Journal)
Date: June 22, 1995
Publisher: National Rural Electric Cooperative Association
Volume: v36 Issue: n2 Page: p20(4)

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