KEDCO plans alternative pay system for staff
The Managing Director and Chief Executive Officer of Kano Electricity Distribution Company (KEDCO), Dr. Jamilu Isyaku Gwamna, has said the company was planning an alternative pay system to reward staff performance and give them a sense of belonging. Gwamna said this in Kano while addressing newsmen as regards the plans of the management of KEDCO to its staff in Kano, Katsina and Jigawa States.
He said that the company was working towards shifting from a salary-based company to an incentive-based system to reward the performance of staff who have taken it upon themselves to ensuring the fulfillment of the targets of the company.
According to him, if the company has set a target, it is only fair to put in place a system to reward those who are committed to their jobs to improving the revenue of the company and ensuring good customer relations.He noted that for staff who have given the company extra efforts in the discharge of their duties, there ought to be given due recognition that would make them benefit from the partnership of enhancing the growth of the company.
“The best and proven way to boost productivity and performance in any organization is to initiate alternative pay method. This approach takes into cognizance the welfare of staff as a tool to rewarding performance while boosting productivity.“We have a target for the year 2019 and if staff have keyed into that target, it will only be fair to put in place a compensation plan in form of incentives for individuals or groups.”
When you move into a new way of structuring an organization or delivery of your product, a new way of pay for performance must support that effort”, he said.
The KEDCO boss said the measure was to encourage the company’s employees to do their best and be productive adding that such would improve efficiency in service delivery to customers and foster a good tripartite relationship of management, staff and customers. He called on KEDCO staff to put in more effort towards the realization of the company’s target, assuring that the management was already working to ensure that individual or team efforts are recognized and compensated according
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