Scanlon-type gainsharing plans

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Reference no: EM133622217

Question

A few examples of group-based financial incentives are: - Scanlon-type gainsharing plans: Employees get a share of profits from improved productivity. This promotes teamwork and boosts morale. - Profit sharing: Employees get a share of company profits. This can motivate employees to work towards the company's success. Plan to buy company stock at a discount: Employees can purchase company stock at a discount. As a result, employees are more loyal and committed because they have a direct stake in the company's success.

Reference no: EM133622217

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