The first step in implementing a gainsharing plan is to ________.
A) choose specific performance measures
B) decide on a funding formula
C) decide how often to pay bonuses
D) establish general plan objectives
E) develop an involvement system

Question

Quizplus · Accepted Answer

Before choosing specific performance measures, deciding on a funding formula or how often to pay bonuses, it is important to establish general plan objectives. This will help determine the overall direction and purpose of the gainsharing plan. Developing an involvement system may also come later in the process, after the objectives and framework of the plan have been established.

The First Step in Implementing a Gainsharing Plan Is to ________