Asked by Heather Marie on Jul 07, 2024
Verified
Organizations that want employees to focus on efficiency and on group incentives are most likely to implement a ________ program.
A) gainsharing
B) standard hour
C) bonus
D) commission
E) piece rate pay
Gainsharing
A compensation strategy where employees receive benefits from improvements in the company's performance, such as increased productivity or cost savings.
- Appreciate the impact of incentive plans on employee motivation and organizational success.
- Identify the factors necessary for the success of group incentive programs like gainsharing.
Verified Answer
AM
Adrian MonteroJul 13, 2024
Final Answer :
A
Explanation :
Gainsharing programs are specifically designed to incentivize group performance and efficiency, and are often used in manufacturing or other team-oriented work environments where production output can be easily measured. Standard hour, bonus, commission, and piece rate pay programs are more individually focused and may not provide the same level of group incentive.
Learning Objectives
- Appreciate the impact of incentive plans on employee motivation and organizational success.
- Identify the factors necessary for the success of group incentive programs like gainsharing.
Related questions
What Common Condition Is Necessary for Gainsharing to Be Successful ...
Which Incentive Plans Are Specifically Designed to Promote Group Performance ...
Paul, the HR Manager at Carletta & Co ...
QVT Financial, an Auditing Firm, Distributes a Portion of the ...
For Five Years, Mainstream Production Systems Offered $500 Bonuses to ...