Pay-For-Performance (CONT’D FROM PAGE 32)
Board Converting NEWS INTERNET DIRECTORY
Moynihan suggested trying to isolate little slices of such jobs that can improve efficiency, reduce costs, or enhance customer service. Does a receptionist answer the phone within two rings to decrease the client wait time? Has a bookkeeper reduced the costs of paper, ink, and other of- fice materials? Has a secretary taken the initiative to up- date digital calendars and make needed appointments? If all else fails, the employer can pull the support staff into a higher-level bonus system based on overall profit- ability. “A company-wide pool can be established for those who are not in direct revenue generating kind of roles,” said Prinkey. “Their eligibility for the awards can hinge on the results of their values scorecards.” Well-designed P4P programs can attract top perform- ers to a company and retain them with incentive bonuses linked to measurable goals that support a company’s over- riding principles. But top management must be sold on the potential of such a program to drive company success. “An incentive payment program has to start with the CEO being a true believer,” said Ding. “Otherwise, line managers will not take the program seriously.”
CORRUGATED REPLACEMENTS, INC. www.corrugatedparts.com
Corrugated Replacements, Inc. is a production powerhouse that manufactures high quality machine parts and replace- ment parts for the corrugated and paperboard converting industries. CRI can redesign, engineer, and manufacture any part while providing a rapid turn-around rate, keeping machines running at their peak performance and limiting down time.
C.U.E., INC. www.AnvilCovers.com
Makers of single and dual-width Timesaver® Anvil Covers, the premier urethane anvil cover for corrugated die cutting. Timesaver® covers feature construction of solid steel back- ing and solid steel locking components to ensure a precise fit every time. C.U.E., Inc. also offers Dura-Latch and Cor- Lock anvil covers, and urethane Lead Edge Feed Wheels.
EMBA www.embausa.com
Phillip Perry is an award-winning freelance writer and a regular con- tributor to Board Converting News. His byline has appeared over 3,000 times in the nation's business press. Reach him at linkedin.com/in/phillip- mperry/. NAM: New Overtime Rule Will Cost Employers, Workers
The EMBA group supports a complete line of corrugated converting machinery for the worldwide market. EMBA’s Quick Set technology enables the highest productivity across a broad range of converting equipment, from mini to super jumbo. EMBA also includes the McKinley jumbo line of flexo folder gluers and rotary die cutters as well as ser- vice, rebuilds and upgrades for both EMBA and McKinley.
EAGLEWOOD TECHNOLOGIES, LLC www.eaglewoodtech.com
Eaglewood Technologies offers trusted cleaning technolo- gies for the world’s best printers and converters. Solutions include the award winning Sitexco+ Anilox Laser System, the Nanovis Parts Washing System, the Sitexco L10 Label System, the innovative Sanilox™ System or Alphasonics solutions. We also offer Xpress™ mobile cleaning service at your facility or ours. ESKO www.esko.com ArtiosCAD and Kongsberg are the most trusted names in CAD/CAM solutions. Esko’s ArtiosCAD is the most widely used CAD software in the world. Esko’s Kongsberg series of tables brings you reliable, outstanding quality for sample- making and short run production.
A new final overtime rule from the U.S. Department of La- bor will reduce flexibility for employees and could force manufacturers to make difficult choices about their work- forces, the National Association of Manufacturers says. The new regulation “changes the salary threshold used to determine whether a worker is exempt from overtime pay.” Starting Jan. 1, 2025, most employees earning less than $58,656 will be owed time-and-a-half wages for hours worked over 40 in a single workweek. The current salary threshold is $35,568. The new rule will go into ef- fect July 1. “Manufacturers cite workforce issues, such as attract- ing and retaining skilled employees, as their biggest busi- ness challenge,” said NAM Managing Vice President of Policy Chris Netram. “The rule places new constraints on employers, reduc- es flexibility for the workers who will be reclassified and may force companies to make painful choices that limit both job creation and growth opportunities available to employees.” For more information, visit nam.org .
DOMINO www.dominodigitalprinting.com
Domino is a leading manufacturer and distributor of digital printing and product identification solutions. Celebrating its 44th year, Domino is headquartered in the UK and North America headquarters are Illinois. Domino has 25 subsid- iaries, representation in over 120 countries, and over 2,900 employees worldwide .
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May 13, 2024
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