Monday, July 4, 2011

Re: [ vuZs.net ] MGT603-ans required with REF or explanation


Page 123 ( handout)
Gain sharing

requires employees or departments to establish performance targets; if actual results exceed objectives, all
members get bonuses. More than 26 percent of American companies use some form of gain sharing;
about 75 percent of gain-sharing plans have been adopted since 1980. Carrier, a subsidiary of United
Technologies, has had excellent success with gain sharing in its six plants in Syracuse, New York;
Firestone's tire plant in Wilson, North Carolina, has experienced similar success with gain sharing.

On Mon, Jul 4, 2011 at 1:34 PM, Mehreen Humayun <mc090400472@vu.edu.pk> wrote:


I am confused between profit and gain sharing.


"All the employees of Operations department have received 15 % of increased profits over a historical standard or targeted profits." Which of the following best describes the statement?

 

       ► Profit sharing

       ► Bonus

       ► Gain sharing

       Piece-work plan

________________
Mehreen Humayun
4th Semester, MBA(Banking)
Distance Learning Student
Quality in Everything We Do





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