An organization that rewards its team members through gainsharing is _____.
A)using a nonfinancial reward
B)sharing the financial value of performance gains
C)paying employees to gain new skills
D)paying hourly wages
E)engaging in crosstraining

Question

An organization that rewards its team members through gainsharing is _____.
A)using a nonfinancial reward
B)sharing the financial value of performance gains
C)paying employees to gain new skills
D)paying hourly wages
E)engaging in cross­training

Quizplus · Accepted Answer

Gainsharing is a performance incentive program wherein members of a team receive a share in the financial value of productivity improvements or cost savings achieved by the team. This helps to align the employees' interests with those of the organization and improves motivation and performance. Thus, the organization that rewards its team members through gainsharing is sharing the financial value of performance gains.

An Organization That Rewards Its Team Members Through Gainsharing Is