Blanket Mine Introduces Monthly & Quarterly Bonuses For Workers

4 years agoSun, 05 Jan 2020 05:57:25 GMT
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Blanket Mine Introduces Monthly & Quarterly Bonuses For Workers

Blanket Mine has introduced monthly and quarterly bonuses for its employees in a bid to boost morale and increase production.

In its management discussion and analysis of the consolidated operating and financial results for the quarter ended September 30, 2019, the subsidiary of the Caledonia Mining Corporation (Caledonia) said:

Employee morale has improved following the introduction of a new bonus structure at Blanket: production teams now receive a monthly or quarterly bonus (depending on the worker’s grade) which reflects the specific performance of their team and keeps the productive teams motivated during difficult periods.

The company used to award its employees production bonuses annually based on the performance of the entire mine.

The company noted that the improved morale contributed to improved daily production tonnage in the latter part of the quarter (third quarter of 2019), continuing into October and November (2019).

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More: The Standard



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