Some incentive programs apply to all the employees in a firm.Distribution of bonuses to employees when a company's costs are reduced through greater work efficiency is this plan:
A) profit-sharing plan
B) gainsharing plan
C) pay-for-knowledge plan
D) none of the above

Question

Quizplus · Accepted Answer

The given plan is a gainsharing plan, which involves distributing bonuses or rewards to employees when the company's costs are reduced through their efforts to improve work efficiency. This plan encourages employees to work collaboratively to identify cost-effective measures and increases their motivation to improve productivity.

Some Incentive Programs Apply to All the Employees in a Firm.Distribution