Asked by Ahmed Dabour on Jul 24, 2024
Verified
One of the problems with gain-sharing plans is that they do not encourage employee participation.
Gain-Sharing Plans
Incentive plans that reward employees for contributing to a company's increased productivity or profitability.
- Become aware of the incentive aspects in multiple compensation and perk plans.
Verified Answer
DH
Dhonniie HollowayJul 29, 2024
Final Answer :
False
Explanation :
This statement is false. Gain-sharing plans are designed to incentivize employee participation and encourage them to work together as a team to achieve common goals and objectives. These plans typically involve sharing in the productive gains, cost savings, or revenue generated from improved performance, giving employees a direct stake in the success of the organization. As such, gain-sharing plans can be an effective tool for promoting collaboration, engagement, and motivation among employees.
Learning Objectives
- Become aware of the incentive aspects in multiple compensation and perk plans.
Related questions
All Things Being Equal,goal-Sharing Programs Are Thought to Be Less ...
As a Human Resource Specialist,you Have Been Asked by Your ...
The Central Issue Associated with Attendance Incentives Is the Notion ...
Which Characteristic of Profit-Sharing Plans May Be Viewed as Negative ...
From an Employer's Point of View,what Is the Most Attractive ...