Which of the following plans aligns workers and management in efforts to streamline operations and cut costs?

Question

Quizplus · Accepted Answer

Gain-sharing plans allow workers and management to work together to identify inefficiencies in the workplace and implement cost-saving measures. This results in both management and workers sharing in the savings generated from these measures, incentivizing them to work together towards a common goal of increasing efficiency and cutting costs. Employee stock ownership plans, pay-for-knowledge plans, and profit-sharing do not necessarily align workers and management in the same way towards the goal of streamlining operations and cutting costs.

Which of the Following Plans Aligns Workers and Management in Efforts