Impro Share
Impro-Share is an individually oriented plan tying improved performance to an individual’s pay. While consultative management is suggested in the plan, union participation is minimal except through a bonus committee responsible for determining some of the aspects of the bonus formula. The bonus formula is somewhat complex, but the result subtracts the actual hours an employee works from the “base value earned hours” of his/her productivity. If the result is positive, the employee’s share (say, 50 percent) is divided by the actual number of hours worked to obtain a bonus percentage. For example, if an employee worked 1,000 work hours during a period and the base value earned hours were 1,100 with a 50 percent share, the Impro-Share bonus would be 5 percent.Impro-Share allows the organization to pinpoint incentives toward specific jobs or groups and decreases competitors’ ability to determine wage issues costs based on bonus formulas. However, employees have difficulty calculating what they will receive.
