Buy custom Gain Sharing vs. Profit Sharing
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| Topic: |
Business
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| Number of pages / Number of words: |
13 / 3556 |
Essay's paper body
them" attitude so that they work together to achieve gainsharing goals3. This unity may lack when profit-sharing is the only plan in the company.
One of the key attributes of a gainsharing plan is that employees are involved, and therefore must be able to identify with the company's operations such as manufacturing methods, costs, products, prices, and customers4...
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This attribute is usually non-existent in a profit-sharing plan due to the lack of employee involvement. Another attribute of gainsharing is that the plan demands a high level of competence from the employees. Employees must innovate to solve problems when challenged with goals imposed by gainsharing...
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