Asked by Francis Sitani on Sep 23, 2024
Verified
Gain-sharing plans are premised on the assumption that:
A) all employees deserve to be rewarded
B) costs can be reduced and productivity improved by eliminating wasted materials and labor, developing new or better products, or working smarter
C) if top management is highly motivated to succeed, then the organization will naturally follow suit
D) performance-based pay must be closely linked with organizational strategy for the pay system to be effective
E) positive reinforcement is superior to negative reinforcement
Gain-Sharing Plans
Incentive strategies that reward employees for contributing to their company's productivity and success through cost-saving measures.
Reduced Costs
Efforts or strategies implemented to decrease expenses and improve financial efficiency within an organization or project.
Improved Productivity
An increase in the efficiency of producing goods or services, often measured by the output per unit of input.
- Acquire knowledge about the key components and considerations imperative for efficient performance-based systems.
Verified Answer
Learning Objectives
- Acquire knowledge about the key components and considerations imperative for efficient performance-based systems.
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