Which of the following group incentive system was designed to provide employees with financial incentives for increasing customer satisfaction,increasing productivity,lowering costs,or improving safety?
A)gain sharing
B)team based
C)small group
D)profit sharing

Question

Quizplus · Accepted Answer

Gain sharing is a group incentive system where employees are financially rewarded for improving organizational performance in areas such as increasing customer satisfaction, increasing productivity, lowering costs, or improving safety. This system is designed to motivate employees to work together towards common goals, resulting in increased efficiency and profitability for the organization. Team-based and small group incentives focus more on team or individual performance, while profit sharing provides a share of the organization's profits to employees, regardless of their individual performance.

Which of the Following Group Incentive System Was Designed to Provide