Which of the following is a group performance pay plan?
A) gain sharing
B) profit sharing
C) stock options
D) piece rates

Question

Quizplus · Accepted Answer

Gain sharing is a group performance pay plan where employees receive a portion of the cost savings or productivity improvements they generate through their collective efforts. This plan incentivizes teamwork, cooperation, and shared responsibility among employees, which can lead to increased motivation and higher levels of engagement. Profit sharing and stock options are also forms of group performance pay plans, but they are geared towards rewarding employees based on the overall financial success of the organization, rather than specific performance metrics. Piece rates, on the other hand, are individual performance pay plans, where employees are paid based on the quantity or quality of their output.

Which of the Following Is a Group Performance Pay Plan