Which of the following is a gainsharing plan that provides a financial reward to employees for labor cost savings resulting from their suggestions?
A) deferred plan
B) Scanlon plan
C) current plan
D) Rucker plan

Question

Quizplus · Accepted Answer

B)The Scanlon plan provides a financial reward to employees for savings in labor costs resulting from their suggestions.Employee-management committees evaluate these suggestions.Participants in these plans calculate savings as a ratio of payroll costs to the sales value of what that payroll produces.If the company is able to reduce payroll costs through increased operating efficiency,it shares the savings with its employees.

Which of the Following Is a Gainsharing Plan That Provides