Employes Incentive Plans in Cleveland Industries

Cover Employes Incentive Plans in Cleveland Industries
Employes Incentive Plans in Cleveland Industries
O Chamber of Commerce Committee On Labor Relati Cleveland
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FORFEITURE : A member forfeits his profit sharing rights when he leaves the company. The management can remove a member from a profit sharing group for cause.
ADMINISTRATION OF THE PLAN: The employes have no voice in the administration of the plan but through the medium of their shop committee they can make recommendations re- garding modifications of the plan.
They are given an opportunity to verify the company's statement of the profits.
REASONS GIVEN FOR THE INSTALLATION OF THE PLAN: The ins
...tallation of such a plan was believed to be "good business. " In a statement to employes, the president of the company says: "First, let me state that this profit sharing plan is a straight business proposition. Nothing is being given away. " RESULTS REPORTED BY THE EMPLOYER: The plan has stimulated the interest and efficiency of the employes and has paid from a business standpoint. It has been effective in keeping down the labor turnover and in creating satisfactory labor relations.
THE KAYNEE COMPANY 6925 AETNA EOAD PRINCIPAL BUSINESS : Manufacture of children 's clothing.


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