Question

Gainsharing plans differ from profit-sharing plans in that:A. gainsharing plans use organization-wide performance parameters.B. gainsharing plans distribute payouts more frequently.C. gainsharing plans make lump sum payments.D. gainsharing plans can be attached to all types of jobs in the organization.E. gainsharing plans discourage pursuit of broader goals of the group.

Answer 1

The correct answer is choice A.

Gainsharing is normally when a business measures performance, and through a pre-determined formula, shares the savings with all employees.

Answer 2

Gain sharing plans use organization-wide performance parameters is the gain sharing plan that is different from the profit-sharing plans.

What is the difference between in the gain sharing and profit sharing?

Gain sharing is the sharing of the profit on the monthly basis. It can be summed up as the incentives that employees get. Profit sharing is the done on the annual basis, when mainly it can be called as the bonus that a company generated.

Thus, option A is correct.

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