"Gain sharing" and "profit sharing" are equivalent types of bonus/incentive plans that focus exclusively on individual output.

Question

Quizplus · Accepted Answer

Gain sharing focuses on group productivity and cost savings, while profit sharing distributes a portion of the company's profits to employees based on a predetermined formula. Both plans may involve individual performance as a factor, but they are not exclusively focused on individual output.

"Gain Sharing" and "Profit Sharing" Are Equivalent Types of Bonus/incentive