Which gainsharing plan involves employees working on a guaranteed piecework basis?
A) current profit-sharing
B) deferred profit-sharing
C) Lincoln incentive system
D) earnings-at-risk pay plan

Question

Quizplus · Accepted Answer

The basic difference among these plans is the formula employers use to determine employee bonuses. In one version of the Lincoln incentive system, first instituted at the Lincoln Electric Company of Ohio, employees work on a guaranteed piecework basis. The company distributes total annual profits (less taxes, 6% dividends to stockholders, and a reserve) each year among employees based on their merit rating.

Which Gainsharing Plan Involves Employees Working on a Guaranteed Piecework