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      Question

      A gainsharing program in which employees share in

      pre-established cost savings, based upon employee effort, is called?
      A Incentive Plan Correct Answer Incorrect Answer
      B Share and divide plan Correct Answer Incorrect Answer
      C Scanlon plan Correct Answer Incorrect Answer
      D Management programme Correct Answer Incorrect Answer
      E Work profit plan Correct Answer Incorrect Answer

      Solution

      The Scanlon plan has been successfully used by a variety of public and private companies for many decades. These plans combine leadership, total workforce education, and widespread employee participation with a reward system linked to d/or organization performance.

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