Which incentive plans are specifically designed to promote group performance?
A) performance bonuses
B) gainsharing
C) standard hour plans
D) merit pay
E) commissions

Question

Quizplus · Accepted Answer

Gainsharing plans are specifically designed to promote group performance by providing incentives to groups of employees for achieving cost savings, productivity increases, or quality improvements. The incentive payout is typically a percentage of the achieved cost savings or productivity improvements, which encourages collaboration and teamwork among employees to work together towards achieving common goals.

Which Incentive Plans Are Specifically Designed to Promote Group Performance