Gainsharing is similar to ______ because in each case,the gain is shared with the employees who helped to create the gain.
A) commission
B) profit sharing
C) merit pay
D) bonus

Question

Quizplus · Accepted Answer

Profit sharing is a compensation method in which a portion of the company’s profits is distributed among employees. Gainsharing is a type of profit sharing that rewards employees for increasing productivity, reducing costs and improving efficiency. Both profit sharing and gain sharing involve sharing the gains with employees who contribute to the success of the organization. Commission, merit pay, and bonus are all forms of individual incentive pay, rather than group incentive pay like gainsharing and profit sharing.

Gainsharing Is Similar to ______ Because in Each Case,the Gain