Several employees at a product distribution company came up with some efficiency improvement strategies and brought their ideas to the foreman. After the suggested strategies were implemented, the company saw a notable decrease in costs so the foreman rewarded the employees with a half-day off and a team outing. This example reflects the ________ approach to compensation.
A)commission pay
B)equity pay
C)piece-rate pay
D)employee stock option
E)Scanlon plan

Question

Quizplus · Accepted Answer

The Scanlon plan is a gain-sharing program where employees are rewarded for productivity improvements and cost savings, aligning with the scenario where employees were rewarded for efficiency strategies that decreased costs.

Several Employees at a Product Distribution Company Came Up with Some