Word: bonus
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...policy will take various factors into account when evaluating physicians groups, including patient surveys, exit interviews with patients who are switching doctors, as well as the quality of preventative care. Groups that perform well will receive a bonus of up to 10 percent of their quarterly payments - a fillip that was previously linked to much money the group had saved...
...later, managers drew up lists of practitioners. They fired those who attended any demonstrations, including three in a workshop run by a foreman surnamed Lai. Today, Lai is responsible for watching the several practitioners who remain on the job. If any of them protest, he says, "I lose my bonus, face demotion and could even be fired." To ensure compliance, Lai holds weekly meetings at which practitioners read aloud propaganda screeds from the People's Daily. The foreman doesn't like it, but his own security is more important than his workers' faith. "I don't care what you believe...
...open secret. The mystery is that so many are shocked--shocked!--to learn that bankers take kickbacks for allocating shares of a hot IPO, or that analysts tout stocks not for their potential but because cheery opinions help reel in underwriting fees and a monster year-end bonus...
...least three years. And that doesn't mean, by the way, that Lincoln is some Rust Belt relic of the 1950s. Thanks to its fabled incentive-compensation plan--which, instead of an hourly salary, pays assembly-line workers based on how much they produce, plus a year-end bonus (hence the grading)--Lincoln is a model of efficiency...
Mind you, the rewards are not small. Over the past three years, Lincoln has doled out nearly $200 million in profit sharing to its Cleveland employees alone. In 2000, the average bonus was $17,579, about 45% of an employee's salary; the top factory workers pull in more than $100,000 a year. When the firm faced its first loss in 1992, Lincoln even borrowed millions to keep the payouts coming...