A mid-sized city introduced a reward system whereby employees would find ways to reduce costs and increase work efficiency.Every employee would receive a portion of the surplus budget resulting from these cost savings.This city is using:
A)a gainsharing plan.
B)a commission system.
C)a piece-rate plan.
D)a share option plan.
E)None of the answers apply.

Question

Quizplus · Accepted Answer

The reward system introduced by the mid-sized city is a gainsharing plan, which incentivizes employees to find ways to reduce costs and increase work efficiency through the promise of receiving a portion of the surplus budget resulting from these cost savings.

A Mid-Sized City Introduced a Reward System Whereby Employees Would