Optimisation of employees’ motivation under critical consideration of variable compensation systems within the logistic department of LIGAPRODUCTION GmbH & Co. KG

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