A common way of compensating teams is a ______system,in which bonuses are based on improvements over a previous performance baseline.

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Gain-sharing is a compensation system in which bonuses are based on improvements over a previous performance baseline. This system incentivizes teams to work together towards common goals and rewards them for their collective efforts in achieving the improvements. Piecework is a system in which workers are paid for each unit of work completed, commission is typically used for sales roles, and stock options are a form of equity compensation.

A Common Way of Compensating Teams Is a ______System,in Which