Which of the following statements holds true for gainsharing?
A)It is the right to buy a piece of the business given to an employee to reward excellent service.
B)It is a form of pay in which an organization shares the profit with employees, such that employees receive a portion of the profit achieved from their efforts.
C)It requires employees to build project teams across countries.
D)These plans are most effective in companies with more than 1,000 people.
E)It refers to the cash wage paid at the end of every month in lieu of the service rendered to the company.

Question

Quizplus · Accepted Answer

Gainsharing is a system where companies share the financial benefits of performance improvements with their employees. This typically involves measuring increases in productivity or profitability and distributing a portion of the gains to employees as a reward for their contribution to these improvements.

Which of the Following Statements Holds True for Gainsharing