Asked by Luthando Bongobi on Jul 18, 2024
Verified
What common condition is necessary for gainsharing to be successful in an organization?
A) employees who value working in groups
B) employers who do not set short-term goals for employees
C) work environment with minimum management commitment
D) employees who prefer minimum interaction and cooperation
E) low levels of cooperation and interaction
Gainsharing
A performance-based compensation strategy where employees are rewarded for contributing to improved operational efficiency, leading to cost savings which are shared with employees.
- Ascertain the key factors vital to the prosperity of group incentive schemes including gainsharing.
Verified Answer
BG
Briana GallardoJul 23, 2024
Final Answer :
A
Explanation :
Gainsharing involves incentivizing employees to work together towards shared goals. Therefore, it is necessary for employees to value working in groups in order for gainsharing to be successful.
Learning Objectives
- Ascertain the key factors vital to the prosperity of group incentive schemes including gainsharing.
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