XYZ Manufacturing Co.uses a gain sharing plan that gives incentives to employees to finish products rather than to incentivize dollar savings.Therefore,this company measures productivity as the ratio of standard labor hours and actual labor hours.What kind of gain sharing program does XYZ Manufacturing Co.use?

Question

Quizplus · Accepted Answer

The way XYZ Manufacturing Co. measures productivity and incentivizes finishing products aligns with the Improshare gain sharing program. Improshare focuses on measuring productivity improvement through the ratio of standard labor hours and actual labor hours. This program emphasizes the importance of employee involvement in achieving efficient production processes.