Gainsharing
A client needed more knowledge about some different financial-based forms of remuneration we talked about: Gainsharing.
It might be good to have a definition here: Employees are financially rewarded based on the collective performance of the organisation or a specific department through gainsharing, a workplace incentive program. Unlike traditional profit-sharing, which distributes a portion of overall profits to employees, gain-sharing typically focuses on improvements in productivity, efficiency, cost reduction, or other performance metrics. When employees meet or exceed certain predetermined goals or targets, they are rewarded with bonuses or incentives, which fosters teamwork and collaboration towards common objectives. Gainsharing aims to align employee interests with organisational goals and foster a culture of continuous improvement and shared success.

If you would need a template for an agreement in this regard, please contact me. And you can find more in my login area, too.

Blogs

Emotional intelligence (EI) is a term that has gained immense popularity in recent years, especially when it comes to effective people...29th Sep 2023
By Ian Moore Managing Director
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29/09/2023 - 18:03 /IanMoore
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Organizational & Employee Development

The share of job seekers working in human resources and looking for jobs outside HR has fallen from a year ago but is still disconcertingly high.
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30/08/2023 - 09:02 /
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HR Daily

Employers that let vendors be the primary decision-makers when it comes to talent risk amassing "talent clones" instead of identifying a "kaleidoscope of talent", an academic says.

In her new book Rethinking Talent Decisions, University of Wollongong School of Business academic Dr Sharna Wiblen says the former question of *which* HR or talent management system to use has become a question of *how many*.

"When I ask HR and senior executives how many systems they use to support talent decisions, I find that organisations have moved beyond the decision between proprietary and vendor-designed systems. Instead, they have entered a complex situation where they maintain multiple vendor systems," Wiblen writes, noting she encountered one Australian professional services firm that used a "staggering" 80 different HR technologies to capture, store and analyse its data...
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25/03/2024 - 06:02 /HR Daily
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Everyone's Blog Posts - RecruitingBlogs

Human resource management is among the top industries in the world and effective human resource management ultimately leads to an organization’s increased productivity and efficiency. So, this is the case with artificial intelligence. This newest technology has been transforming industries across the world by automating several tasks and enhancing accuracy, speed, and making the workplace smarter.
With the help of AI and Data Science, HR is evolving from a primarily administrative department to a more strategic one contributing to business success. By using powerful AI tools and technologies HR can streamline various processes and gain deeper insights into talent management. This can help businesses build and retain a skilled and talented workforce.
Do you know data science certifications are a great way to enhance your data science skills and validate your knowledge and expertise in this domain?
Artificial Intelligence for HR Management
First, let us understand the role of

Everyone's Blog Posts - RecruitingBlogs

Recruitment automation software has revolutionized the hiring process, empowering recruiters and hirers to streamline and optimize candidate sourcing and management. These powerful tools leverage artificial intelligence to identify qualified candidates, verify profiles, and simplify the entire recruitment journey. In this article, we present a list of the top ten recruitment automation software solutions that recruiters and hirers should consider integrating into their hiring processes.
The Evolution of Recruitment Automation Software
The transition from traditional recruitment practices to the utilization of recruitment automation software marks a significant evolution in the HR industry. This transformation has redefined the hiring landscape, making it imperative for organizations to adapt to remain competitive and efficient.
The Pre-Automation Era
Before the advent of recruitment automation, recruiters relied heavily on manual processes for every stage of hiring. From sifting through piles of resumes to managing candidate communications and scheduling interviews, the recruitment process was not only time-consuming but

US Top News and Analysis

Robinhood had previously disclosed in February that it received subpoenas from the SEC related to its crypto business.
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06/05/2024 - 15:00 /
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Coronavirus | The Guardian

Researchers say experimental shot is step towards goal of creating vaccines before a pandemic has startedScientists have created a vaccine that has the potential to protect against a broad range of coronaviruses, including varieties that are not yet even known about.The experimental shot, which has been tested in mice, marks a change in strategy towards “proactive vaccinology”, where vaccines are designed and readied for manufacture before a potentially pandemic virus emerges. Continue reading...
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06/05/2024 -

The Straits Times Business News

These are sectors that Singapore can maximise opportunities and contribute to its long-term growth.
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06/05/2024 - 09:03 /
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MIT News - Artificial intelligence

The recent ransomware attack on ChangeHealthcare, which severed the network connecting health care providers, pharmacies, and hospitals with health insurance companies, demonstrates just how disruptive supply chain attacks can be. In this case, it hindered the ability of those providing medical services to submit insurance claims and receive payments.This sort of attack and other forms of data theft are becoming increasingly common and often target large, multinational corporations through the small and mid-sized vendors in

MIT News - Artificial intelligence

From cutting-edge robotics, design, and bioengineering to sustainable energy solutions, ocean engineering, nanotechnology, and innovative materials science, MechE students and their advisors are doing incredibly innovative work. The graduate students highlighted here represent a snapshot of the great work in progress this spring across the Department of Mechanical Engineering, and demonstrate the ways the future of this field is as limitless as the imaginations of its practitioners.Democratizing design through AILyle RegenwetterHometown: Champaign, IllinoisAdvisor: Assistant Professor

US Top News and Analysis

Following April's weaker-than-expected job growth and moderating wage gains in April, traders are pricing in a second rate cut by the end of the year.
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03/05/2024 - 21:03 /
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