A mid-sized city introduced a reward system whereby employees would find ways to reduce costs and increase work efficiency. Every employee would receive a portion of the surplus budget resulting from these cost savings. This city is using:
A)Team-based synergy.
B)a commission system.
C)a share option plan.
D)a gainsharing plan.
E)a piece-rate plan.

Question

Quizplus · Accepted Answer

The reward system introduced by the mid-sized city is a gainsharing plan, in which employees are incentivized to find ways to reduce costs and increase efficiency. The surplus budget resulting from these efforts is then distributed among the employees. This approach fosters teamwork and collaboration in achieving cost-saving goals, and it can help to improve overall organizational performance.

A Mid-Sized City Introduced a Reward System Whereby Employees Would