Gainsharing is a type of team compensation.

Gainsharing

A performance-based compensation strategy where employees receive financial rewards for contributing to improvements in productivity, efficiency, or quality within their company.

Team Compensation

A pay strategy that rewards group or team performance, potentially including bonuses, profit sharing, or other collective incentives.

Investigate the productivity and complications in different reward systems.

Verified Answer

Kunal SawhneyJul 13, 2024

Final Answer :

True

Explanation :

Gainsharing is a compensation strategy where teams are rewarded based on improvements in productivity or performance, sharing the financial gains achieved.

Learning Objectives

Investigate the productivity and complications in different reward systems.

Gainsharing is a type of team compensation.

Definitions

Learning Objectives

Learning Objectives

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