Gainsharing is a variable-pay program that is an incentive plan for
A)individuals, where improvements in an individual's productivity, from one period to another, determine the amount awarded.
B)all employees of the company, where employees gain when the company gains market share.
C)workplace groups or departments, where improvements in group productivity, from one period to another, determine the amount shared.
D)all employees of the company, where every employee gains when the company increases productivity.
E)individuals, where an individual who accomplishes specific goals, receives a percentage of company profit.

Question

Quizplus · Accepted Answer

Gainsharing is typically a group-based incentive plan where employees in a specific department or work unit work together to improve productivity and share in the resulting financial gains. The program rewards groups for achieving specific goals or improving productivity metrics and may be tied to a formula for distributing a portion of the resulting savings or profits to employees.

Gainsharing Is a Variable-Pay Program That Is an Incentive Plan