Asked by Christopher Trujillo on May 28, 2024
Verified
All things being equal,goal-sharing programs are thought to be less motivational than gain-sharing programs.
Goal-Sharing
A strategy where organizational objectives are communicated and shared among team members to ensure alignment and foster cooperation.
Gain-Sharing
A performance-based compensation strategy where employees receive benefits from the cost-saving measures they contribute to.
- Recognize the motivational aspects of various compensation and incentive plans.
Verified Answer
MS
Maria SamaniegoMay 28, 2024
Final Answer :
False
Explanation :
Gain-sharing programs typically provide employees with a direct financial incentive based on achieving specific performance goals, which is often more motivating than simply sharing in the achievement of goals. However, there are other factors that can influence the effectiveness of these programs, such as the clarity of goals and the level of employee involvement in the decision-making process. So while gain-sharing programs may be more motivational on average, there may be situations where goal-sharing programs are more effective.
Learning Objectives
- Recognize the motivational aspects of various compensation and incentive plans.
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