Asked by Ferhat Butun on May 28, 2024
Verified
From an employer's point of view,what is the most attractive feature of properly designed gain-sharing plans?
A) The plans are self-funding.
B) Positive work group norms develop.
C) The need for supervisory control is reduced.
D) Employees monitor each other's performance.
Gain-Sharing Plans
A performance-based compensation strategy where employees receive financial benefits from improvements in productivity, efficiency, or profitability within their work unit or organization.
Self-Funding
A method where an organization pays for its own health care costs rather than purchasing a conventional health insurance plan, often used to control costs.
- Comprehend the motivational characteristics of assorted remuneration and incentive arrangements.
Verified Answer
Learning Objectives
- Comprehend the motivational characteristics of assorted remuneration and incentive arrangements.
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