Since 31 July 2009, K+S employees have been able to select valuable non-cash bonuses for realised suggestions for improvement by clicking on the company portal. KVP teamwork and employee suggestions enjoy a high priority for K+S with regard to economic efficiency, a good communication culture and the recognition of employee commitment.
K+S is a customer-focused, independent supplier of mineral products for the agriculture, industry, consumers and communities sectors and aims to increase EBITDA to €3 billion by 2030. More than 14,000 employees help farmers secure the world's food supply, provide solutions that keep industries running, enrich the daily lives of consumers and ensure safety in winter. The steadily increasing demand for mineral products is met from production sites in Europe, North and South America and a worldwide distribution network.
Since 2004, K+S has used idea management as a management tool and the dynamic CIP team process. Employees are involved in the design of their own work processes. K+S describes its own employees as your best management consultants. This attitude guarantees a good communication culture in the company, self-realization and recognition of the employees as well as a high efficiency of the processes. The cooperation and communication between managers and employees is sustainably promoted by idea management. K+S was looking for a suitable tool to sustainably reward your employees for realised ideas and to motivate them for further suggestions for improvement. Through the cooperation with IPO, K+S promised itself an additional incentive to positively influence both the soft factors mentioned above and the profitability through an attractive premium shop. The administrative effort should be kept as low as possible.
Since 2009, K+S's idea management software has been extended to include a link to the IPO rewards shop. The intelligent integration of the idea management software with the rewards shop ensures a secure and effective solution. The ideas realized are rewarded with points that can be saved across ideas. The points collected can be exchanged for attractive rewards at any time. The entire administrative processing of the non-cash bonuses is carried out via the IPO, thus ensuring low administrative expenses for K+S. Access to the bonus shop is via the K+S Group portal (intranet). Every employee has access to the portal, which enables them to reach the bonus shop comfortably outside the workplace, especially since only every fourth employee has PC access at all.
Right from the start, the IPO's premium shop has been very positively received. Already in the first year, 60 percent of all bonus points were exchanged for gifts. The share is rising steadily and will amount to around 78 percent in 2017. The bonus shop offers an optimal incentive for employees to actively participate in K+S's improvement process. The attractive rewards shop, with more than 6,000 rewards, motivates employees above all through its price-performance ratio compared to stationary retail. In the long term, positive experiences with K+S and its idea management as an employer are associated with the reminder effect, through the bonuses.
"From our point of view, we have created an all-rounf successful solution for the benedits of our employees. We regard the cooperation with target software solution and IPO-PS as a very successful partnership."
Project manager, Herr Martin Koller
K+S stock company