Which of the following companywide incentive plans distribute bonuses to employees when a company's costs are reduced through greater work efficiency?
A) Wage setting plans
B) Pay-for-performance plans
C) Profit-sharing plans
D) Gainsharing plans
E) Pay-for-knowledge plans

Question

Quizplus · Accepted Answer

Gainsharing plans distribute bonuses to employees when a company's costs are reduced through greater work efficiency. This incentivizes employees to work more efficiently and help reduce costs, and they are rewarded for their efforts.

Which of the Following Companywide Incentive Plans Distribute Bonuses to Employees