Which of the following team rewards motivate team members to reduce costs and increase labour efficiency in their work process?
A)Team-based synergy
B)Employee share ownership plans
C)Profit-sharing
D)Gainsharing plans
E)Profit-sharing and employee share ownership plans only

Question

Quizplus · Accepted Answer

Gainsharing plans are specifically designed to motivate team members to reduce costs and increase labour efficiency in their work process. These plans provide incentives for employees to come up with cost-saving ideas and ways to improve productivity, and they are rewarded based on the amount of money saved or the increase in efficiency achieved. While profit-sharing and employee share ownership plans may also motivate employees to work towards increasing profits, they are not as direct in their focus on cost reduction and labour efficiency.

Which of the Following Team Rewards Motivate Team Members to Reduce