An advantage of the ________ plan is that benefits accrue to groups of workers, high-performing workers pressure weaker performers to work harder, improving performance for the group as a whole.
A) merit-based pay
B) gainsharing
C) skill-based pay
D) piece-rate pay
E) profit sharing

Question

Quizplus · Accepted Answer

The advantage described in the question is a key feature of gainsharing plans, which incentivize groups of workers to work together towards shared goals and then distribute a portion of any gains or cost savings achieved among the group. Merit-based pay and skill-based pay focus on individual performance, while piece-rate pay is based on the completion of specific tasks, and profit sharing typically rewards employees based on the overall financial success of the company.

An Advantage of the ________ Plan Is That Benefits Accrue