LIGAPRODUCTION is a full-service provider that designs, plans, produces and distributes high-quality point-of-sale (POS) items, such as shop-window campaigns, in-store elements and store-construction elements. The company also conducts event productions. Together with our mother company LIGANOVA, an event and marketing agency, we offer unique custom-made items and prototypes as well as large-series productions with worldwide logistics for our national and international clients. We guarantee maximum flexibility and reduced transactions costs while ensuring efficient production for our clients. These benefits stem from our concentration of six different production workshops under one roof, ultra-modern infrastructure and integrated processes and information technology (IT) systems. Throughout the project, our project management team maintains continual contact with our clients and supervises all production workshops. The internal logistics department consists of two handling facilities of approximately 6.000 sqm. Its services include the entire field of logistical campaign planning, including packaging planning, picking and packing (P&P), global shipping, customs declaration and, if required, a montage of promotion elements all over the world.
The remainder of this chapter examine the increased challenges of competition within the global logistics market and examines therefore the importance of employees as human resource of an organisation. Chapter two presents an analysis of several motivation theories and furthermore the development of individual bonus pay models. Next, in chapter three, the evaluation of the current situation and motivation in the logistics department of LIGAPRODUCTION as a quantitative data research takes place. Chapter four contains the evaluation of key performance indicators as base for the determination of a bonus system and later on the assessment of advantages and disadvantages of individual bonus systems in the logistics department. This thesis concludes by the implementation of the new bonus wage system and thereof by presenting the structure of this system as well as the beneficiaries in chapter five. The conclusion in chapter six finally gives a brief outlook on future developments and possibilities.
Contents
1 Introduction
1.1 Introduction to the chosen organisation
1.2 Examination of the increased challenges of competition
1.3 Identification of an appropriate research question
1.4 Definition of the topic
1.5 Developing and implementing a new bonus wage model for LIGAPRODUCTION
2 Theories on individual motivators and incentive systems for boosting efficiency
2.1 Motivation theories
2.1.1 Principal-agent theory
2.1.2 The X and Y theory
2.1.2.1 Theory X
2.1.2.2 Theory Y
2.1.3 Leader-member-exchange (LMX) theory
2.1.4 Herzberg’s two-factors theory
2.2 The concept of bonus pay
2.3 Theories of individual bonus pay models
2.3.1 The Halsey bonus pay system
2.3.2 The Rowan system
2.3.3 The differential piece rate method
2.3.4 The quota or bonus system
2.3.5 The Bedaux system
3 Evaluation of the current situation in the logistics department of LIGAPRODUCTION GmbH & Co. KG
3.1 Evaluation and interpretation of employees’ satisfaction and overall working motivation
3.2 Current wage model for LIGAPRODUCTION GmbH & Co. KG
4 The ability to implement different bonus systems in the logistics department of LIGAPRODUCTION
4.1 Evaluation of key figures as a base for the bonus system
4.1.1 Productivity
4.1.2 Quality
4.1.3 Internal facility management
4.1.4 Work accidents and absenteeism
4.2 Quarterly premiums
4.3 Analysis of individual key figures for the bonus system
4.3.1 Productivity
4.3.2 Quality
4.3.3 Internal facility management
4.3.4 Absenteeism and work accidents
4.3.5 The quarterly premium dilemma
4.4 Assessment of advantages and disadvantages of individual bonus systems given the situation at LIGAPRODUCTION
4.4.1 The Halsey bonus pay system
4.4.2 The Rowan system
4.4.3 The differential piece rate method
4.4.4 The quota or bonus system
4.4.5 The Bedaux system
5 Implementation of a bonus wage system at LIGAPRODUCTION GmbH & Co. KG
5.1 Structure of the new bonus system based on the example of the logistics department of LIGAPRODUCTION
5.2 Beneficiaries
6 Conclusion
References
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