What are Employee Involvement and Participation (EIP) programs? What are the costs and benefits?

Expert Solution

Answer--Employees involvement and participation programs in type of programs which promote the company loyalty and trust toward the employees which encourages the employees of the organization to take mental ownership and responsibility of the business.In the employees involvement and participation programs ,top level management discusses each and every activity which is related to the business,in which suggestions are taken by the employees about how to increase the productivity ,safety standards in the workplace, business goals and objectives.In the employees involvement participation programs,different mediums are used to take suggestions of the employees through the use of suggestion box,in which employees can share their suggestion through this box and ideas campaign are also used to take different ideas from the employees to strength the organization.

The employees involvement and participation programs is not so expensive ,but it is a time consuming process ,as all the activities takes place within the organization and all the resources are available in the office premises so its not quite expensive process.

Benefits of Employees involvement and participation programs are--

1.EIP creates the feeling of unity among the employees of the organization.

2.EIP encourages employees to take ownership and responsibility of work.

3.EIP also helps in the improvement of workplace culture .

Rahul Sunny answered 7 months ago

What are the "psychic benefits of stockholder participation"?

The stakeholder model requires participation, not just involvement. What is the difference between the two practices

Explain the concept of employee engagement. How does it differ from employee involvement? What does an...

Explain the concept of employee engagement. How does it differ from employee involvement? What does an organization that has truly engaged employees look like?

* two employee participation practices with explain??

What is an ethical concern regarding employee wellness programs? There are no ethical concerns with employee...

What is an ethical concern regarding employee wellness programs? There are no ethical concerns with employee wellness programs possibly losing great employees due to focus on the exercise programs putting individuals who physically can't workout at a disadvantage

Discuss the objectives of employee compensation programs, and describe the various pay systems and fringe benefits in business.

1. It is generally believed that employee participation relates to increased employee productivity, commitment to work...

1. It is generally believed that employee participation relates to increased employee productivity, commitment to work goals, motivation, and job satisfaction. Then how do you think companies can stimulate the level of employee involvement and participation?

Some benefits and costs cannot be quantified. What kinds of benefits and costs elude quantification, and...

Some benefits and costs cannot be quantified. What kinds of benefits and costs elude quantification, and how can these be factored into an investment decision?

Write a literature review of employee involvement in CSR. (at least 5 pages)

What are costs? What are benefits? What tangible cost and benefits? What are in intangible cost...

What are costs? What are benefits? What tangible cost and benefits? What are in intangible cost and benefits? What direct and indirect cost? What is earned value (EV)? Explain how earned value management can be used to control costs and measure project performance.

Question