The Scanlon plan is an example of a(n)________ plan.
A)profit-sharing
B)skill-based
C)merit pay
D)individual incentive
E)gainsharing

Question

Quizplus · Accepted Answer

The Scanlon plan is a gainsharing plan. Gainsharing plans involve sharing the financial gains achieved by a company as a result of improved performance with employees. The Scanlon plan specifically focuses on creating a sense of collaboration and team effort among employees to improve productivity and reduce costs, with the financial benefits shared among the team members.

The Scanlon Plan Is an Example of A(n)________ Plan