Thursday, March 15, 2007

Best Buy to help keep worker bees buzzing?

Source - CNN Money

"With a classic flextime structure, workers arrange their schedules with their boss in advance. But under a program called Rowe, for "results-only work environment," the boss has no say in scheduling and can judge employees only on tasks successfully completed - even if none were done in the office. The five-year-old plan now covers 60 percent of the employees at Best Buy's corporate headquarters near Minneapolis.

And by all accounts, it's working. Employee productivity has increased an average of 35 percent in departments covered by the program."

"The company says turnover costs - recruiting, training, and loss of operational time - are $102,000 per blue shirt, or about 250 percent of their salary."
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