Gain-sharing and profit-sharing are essentially identical incentive programs.

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Gain-sharing and profit-sharing have similar concepts but are different incentive programs. Gain-sharing typically rewards employees based on their contribution to achieving specific goals or targets, while profit-sharing distributes a portion of the overall profits to employees. Gain-sharing focuses on improving performance and productivity, while profit-sharing focuses on sharing the company's financial success with employees.

Gain-Sharing and Profit-Sharing Are Essentially Identical Incentive Programs