Which of the following statements best describes the Rucker plan's approach to gainsharing?
A)The ratio measuring the gain compares labour costs to the value added in production.
B)The gain is the decrease in labour hours needed to produce a unit of product.
C)Employees receive a bonus if the ratio of labour costs to the sales value of production is below a set standard.
D)Base wage dissatisfaction is created that, in turn, triggers greater effort directed toward performance.

Question

Quizplus · Accepted Answer

The Rucker plan's approach to gainsharing involves comparing labor costs to the value added in production to determine the gain, which is then shared with employees. This method focuses on improving productivity and efficiency by encouraging employees to work smarter, not harder, by directly linking their efforts to their rewards.

Which of the Following Statements Best Describes the Rucker Plan's