Which of the following companywide incentive plans distribute bonuses to employees when a company’s costs are reduced through greater work efficiency?
Understand the Problem
The question is asking which type of companywide incentive plan provides bonuses based on the reduction of costs through improved work efficiency. It lists several options, and we need to identify the correct one.
Answer
Gainsharing plans.
The final answer is gainsharing plans.
Answer for screen readers
The final answer is gainsharing plans.
More Information
Gainsharing plans are designed to enhance productivity and reduce costs by rewarding employees with bonuses based on the cost savings achieved. This encourages a culture of collective responsibility and continuous improvement.
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