Asked by Sasha Munir on Jul 23, 2024
Verified
What's the overarching philosophy of gainsharing plans?
A) Gains that are shared with employees will multiply over time.
B) Involved employees will improve productivity through more effective use of organizational resources.
C) Organizations need to pay employees more.
D) Individual incentives are motivational.
Gainsharing Plans
Programs under which both employees and the organization share financial gains according to a predetermined formula that reflects improved productivity and profitability.
Organizational Resources
The assets, capabilities, processes, and information that a company uses to improve its effectiveness and achieve its objectives.
- Analyze the role of profit-sharing plans in organizational profit growth and employee motivation.
Verified Answer
RP
Radhi PandyaJul 29, 2024
Final Answer :
B
Explanation :
Gainsharing plans are based on the philosophy that involving employees in the process and giving them a stake in the company's success will lead to improved productivity through more effective use of resources.
Learning Objectives
- Analyze the role of profit-sharing plans in organizational profit growth and employee motivation.