Employee empowerment is connected to employee engagement. While employee engagement is centered around the emotional connection an employee has to their work, employee empowerment gives the employee decision-making authority.
- Reflecting upon your past or current position of employment, were you encouraged to participate in the growth and improvement of the organization?
- If not, what were the barriers? How can they be overcome?
- What are the benefits of offering incentives such as profit sharing and stock options? Creating an Employee Stock Ownership Plan and cooperatives?
- Have you ever been a participant in an incentive program that didn’t work to engage and empower employees?
In your responses weigh the incentive structures discussed in the video and those you have personal experience with in your past and current employment.
The five elements of a Scanlon-type gainsharing plan are a gainsharing coordinator, suggestion system, gainsharing team, review board, and group-based financial bonus.
- Gainsharing coordinator: The gainsharing coordinator is responsible for managing the gainsharing system
- Suggestion system: Employees submit written suggestions to the gainsharing coordinator on how to improve efficiency, reduce costs, and increase revenue
- Gainsharing team: A gainsharing team consists of either all nonmanagement employees in the work unit or work unit representatives voted to the team
- Review board: The review board consists of one representative from each gainsharing ream, the gainsharing coordinator, and relavant managers
- Group-based financial bonus: A group-based financial bonus calculation is devised that compares projected costs and actual costs for a given period of time, usually a month
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