_____ allow groups of employees to benefit from the savings or improvements realized when their efforts or ideas result in measurable cost reductions or productivity increases.
A) Merit pay systems
B) Seniority pay systems
C) Employee stock ownership plans
D) Gain-sharing plans
E) Early retirement incentive programs

Question

Quizplus · Accepted Answer

Gain-sharing plans allow groups of employees to benefit from cost reductions or productivity increases resulting from their contributions, typically through bonuses or other forms of financial rewards. Merit pay systems and seniority pay systems are based on individual performance or years of experience, respectively. Employee stock ownership plans involve employees owning a portion of the company's stock. Early retirement incentive programs are designed to encourage employees to retire early, typically through increased compensation or benefits.

_____ Allow Groups of Employees to Benefit from the Savings