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It's an unfortunate fact of business – some team members are "pulling the wagon" while others are merely "riding in it." Given the circumstances, it doesn't seem quite right to give equal bonuses to each team member, but it can be challenging to easily and objectively rank individual team member contributions to the bottom line. A Resource Alignment Matrix will help you do just that – from your top performer on down – based on team member skill levels, performance & attitude / aptitude. Robust Production Management (RPM) Module 7: "Resource Alignment Matrix" shows you how to create your own spreadsheet version, so that you can KNOW – not guess – who to reward on your team, who to develop and who to encourage. "Resource Alignment Matrix" is the seventh module in the Metrilogics RPM management training series – more on the way.
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Source: Best Practices in Human Resources PDF: Robust Production Management (RPM) Module 7: Resource Alignment Matrix PDF (PDF) Document, Lance Latham
ABOUT THE AUTHOR: LANCE LATHAM
After earning his MBA degree from the Indiana University Kelley School of Business in 1992, Lance Latham embarked on a successful career in operations management and process improvement - including roles as a hands-on operations manager, consultant and project manager in the manufacturing, warehouse / logistics, financial services and IT sectors. [read more] Regardless of company size or business arena, Lance consistently demonstrated that the same management methods that raise output quality, increase productivity and efficiency, and drive down operational costs in one environment are equally effective when applied in another. This unique set of concepts, techniques and tools - acquired through first-hand application and refinement over many years, and in various environments - led to the Metrilogics "Robust Production Management (RPM)" performance improvement and cost reduction framework.
Lance Latham has published 12 additional documents on Flevy.
This business document is categorized under the function(s): Operations Organization, Change, & HR
It applies to Management Consulting
File Size: 340.6 KB
Number of Pages: 17
Related Topic(s): Human Resources
Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.
Initial upload date (first version): Jan 23, 2014
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