Which type of incentive plan engages many or all employees in a common effort and is designed to reward those employees for improvements in productivity?
A) An employee share purchase plan
B) An employee stock ownership plan
C) A profit-sharing plan
D) A performance bonus plan
E) A gainsharing plan

Question

Quizplus · Accepted Answer

The type of incentive plan that engages many or all employees in a common effort and is designed to reward those employees for improvements in productivity is a gainsharing plan. Gainsharing is a type of incentive plan that is designed to encourage employees to work together and improve overall productivity. It rewards employees for achieving specific goals, such as increased sales or reduced costs, by providing them with a share of the resulting cost savings or revenue gains. This type of plan is particularly effective in organizations with a strong culture of teamwork and collaboration, and it can be a powerful motivator for employees who are looking for ways to contribute to the success of their organization.

Which Type of Incentive Plan Engages Many or All Employees