Gainsharing is an incentive plan that ________.
A) uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement
B) engages many or all employees in a common effort to achieve a company's productivity objectives with any resulting cost-savings gains shared among employees and the company
C) contributes company shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm's stock for employees
D) involves the firm simply distributing a percentage of profits as profit shares to employees at regular intervals

Question

Quizplus · Accepted Answer

Gainsharing is an incentive plan that involves engaging many or all employees in a common effort to achieve a company's productivity objectives with any resulting cost-savings gains shared among employees and the company. This plan aims to motivate employees to work together towards a common goal of increasing productivity and reducing costs, thus leading to increased profits for the company.

Gainsharing Is an Incentive Plan That ________