Asked by Kaeleigh Anstine on Jul 07, 2024
Verified
Gain-sharing plans allow employees to share in cost savings or productivity gains realized by their efforts.
Gain-Sharing Plans
Incentive programs where employees receive benefits from improvements in the company's performance, fostering a culture of collaboration and efficiency.
Cost Savings
The reduction in expenses achieved through efficient management, elimination of waste, or other means, contributing to improved financial performance.
- Discriminate between assorted categories of wages and benefits, covering basic earnings, pay for performance, bonuses, stock grants, and participation in gains.
Verified Answer
ES
Eyyan ShinnJul 13, 2024
Final Answer :
True
Explanation :
Gain-sharing plans are designed to incentivize employees by allowing them to benefit from cost savings or increased productivity resulting from their efforts.
Learning Objectives
- Discriminate between assorted categories of wages and benefits, covering basic earnings, pay for performance, bonuses, stock grants, and participation in gains.
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