An organization uses a gainsharing program in which employees receive a bonus if the ratio of labor costs to the sales value of production is below a set standard. This incentive plan is referred to as:

A. group bonus.
B. merit pay plan.
C. Scanlon plan.
D. piecework rate.
E. team award.

Answer: C. Scanlon plan.

Business

You might also like to view...

This model is geared to promoting staffing flexibility in a company by training employees in one area of the company with some of the critical skills that are needed to perform effectively in another area of the company

A) the skill blocks B) the stair-step C) the job-point accrual D) the cross-departmental

Business

When an organization creates an impression that it is a sponsor of a major event when it is not, it is ________ marketing

A) allusion B) incidental C) distractive D) saturation

Business