A type of incentive plan that is an organization-wide pay plan designed to reward employees for improvements in organizational productivity is
A)a group incentive program.
B)variable pay.
C)a profit-sharing plan.
D)a spot bonus.
E)a gainsharing program.

Question

Quizplus · Accepted Answer

A gainsharing program is specifically designed to incentivize employees to improve organizational productivity. In this type of incentive plan, employees receive bonuses or other rewards when they meet or exceed productivity or efficiency targets within the organization. These programs are typically organization-wide, and employees at all levels can be eligible to participate.

A Type of Incentive Plan That Is an Organization-Wide Pay