Reward System for Ideas

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Some companies have idea boxes or systems for employees to share their ideas for improving an organisation or project. Yet they can often find it difficult to get people to submit good ideas.

Giving a significant reward for ideas that make significant savings or profits would encourage ideas even more.

Apparently the Japanese used to have a reward system where if an employee put forth a suggestion that saved money, they would get half of the first years profit or savings from that idea.

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