___________ is when a firm shares the value of productivity gains with the workforce.
A) Stocksharing
B) Gainsharing
C) Costsharing
D) Profitsharing

Question

Quizplus · Accepted Answer

Gainsharing is a practice where a company shares the benefits of increased productivity and cost savings with its employees. It is based on the principle that employees, who are directly involved in the production process, can suggest and implement ideas to improve efficiency, reduce waste, and increase quality. The rewards for such improvements are then shared among the employees and the company. This practice can lead to increased motivation, teamwork, and innovation among employees, as they have a stake in the success of the company.

___________ Is When a Firm Shares the Value of Productivity