An incentive plan that encourages employees to achieve a company's goals and objectives is referred to as
A)a piece-rate wage plan.
B)gainsharing.
C)profit sharing.
D)overtime.

Question

Quizplus · Accepted Answer

Gainsharing is an incentive plan that encourages employees to achieve a company's goals and objectives by sharing the financial gains or benefits achieved. This plan is designed to align the interests of employees with the performance of the company, stimulating collaboration, and teamwork. A piece-rate wage plan pays employees based on the number of units produced, while profit sharing distributes a share of the company's profits to employees. Overtime is usually paid to employees who work more than the regular working hours.

An Incentive Plan That Encourages Employees to Achieve a Company's