The 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.Which kind of gain sharing program does XYZ Manufacturing Co.use?
A)Improshare
B)Rucher
C)Scanlon
D)SVOP

Question

Quizplus · Accepted Answer

Improshare is a gain sharing plan that rewards employees based on improvements in productivity, rather than cost savings. Since XYZ Manufacturing Co. measures productivity as the ratio of standard labor hours and actual labor hours, it seems to be using a productivity-based gain sharing plan like Improshare. Options B), C), and D) are not relevant to measuring productivity ratios for gain sharing plans.