Which of the following is an incentive pay plan designed to bind employees to the firm's performance by providing payment based on improved company performance or other outcomes such as attaining cost-efficiency?
A) deferred
B) job sharing
C) compression
D) gainsharing

Question

Quizplus · Accepted Answer

D)Gainsharing plans are designed to bind employees to the firm's productivity and provide an incentive payment based on improved company performance.Gainsharing programs,such as the Scanlon,Rucker,and Improshare plans,are the most popular companywide plans that have been adopted by U.S.corporations.The goal of gainsharing is to focus on improving cost-efficiency,reducing costs,improving throughput,and improving profitability.

Which of the Following Is an Incentive Pay Plan Designed