A widely recognized group incentive plan based on labor cost savings is the:

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The Scanlon plan is a group incentive plan based on labor cost savings. It encourages employees to work together to reduce costs and improve productivity. It is named after its creator, R. F. Scanlon, and typically involves sharing a percentage of cost savings with the employees. The plan is designed to promote teamwork, communication, and cooperation among employees, as well as to provide them with a sense of ownership in the success of the company.

A Widely Recognized Group Incentive Plan Based on Labor Cost