How a Successful Scanlon Gainshare Plan Impacts a Company’s Bottom Line

While there are many intangible benefits of gainsharing that are enjoyed by the companies who employ that management style there are also numerous tangible and measurable benefits. Some of these are:

Reduced Turnover / Enhanced Retention:
Companies that involve their employees through gainshare find that the increased identity experienced by their employees significantly reduces turnover. This is particularly true of Scanlon driven gainshare plans.

Employer of Choice:
Successful gainshare companies have a distinct advantage when it comes to the competitive world of talent acquisition. Successful gainshare companies stand toe to toe with their competition on wages and benefits AND offer the opportunity to earn bonuses, share financially as well as psychologically with the success of the company and be valued for their contributions.

Improved Safety:
Accidents cost money and the employees of gainshare companies quickly recognize that safety pays.

Higher Quality:
Re-work is expensive, scrap is even more expensive. Do your employees know your organizations cost of quality?

Better On Time Delivery Performance:
Employees of gainshare companies recognize the importance of satisfying the customer in the most elementary ways. Furthermore they understand and are encouraged to explore what they can do to deliver on time every time.

The above is just a partial list. There is no substitute for each member of the enterprise having ownership of the process.