Which type of incentive plan is an organization-wide pay plan designed to reward employees for improvements in organizational productivity?

Question

Quizplus · Accepted Answer

A gainsharing plan is specifically designed to reward employees for improvements in organizational productivity. This type of incentive plan is organization-wide and based on the idea that employees will receive a portion of the monetary savings and profits resulting from their efforts in improving productivity.

Which Type of Incentive Plan Is an Organization-Wide Pay Plan