The most successful gainsharing or productivity sharing plan at a single company is the ___________.
A) Lincoln Electric plan
B) Hallmark plan
C) Baron Manufacturing plan
D) Rucker plan

Question

Quizplus · Accepted Answer

The Lincoln Electric plan is widely regarded as one of the most successful gainsharing plans in history. The plan is based on piece-rate pay, where employees are paid for each unit of production they complete. Employees are also eligible for bonuses based on productivity gains and cost savings, which encourages collaboration and innovation among team members. The plan has been in place for over 100 years and has helped Lincoln Electric become a leading manufacturer of welding equipment.

The Most Successful Gainsharing or Productivity Sharing Plan at a Single