Gainsharing: An Incentive Plan or Employee Involvement?

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Bob Masternak

What's gainsharing? Isn't it a compensation system that places a big carrot in front of employees in the form of a financial incentive? Isn't it the same as profit sharing that pays an annual bonus to workers when times are good? Is it about people working harder in order to make a little more money? These are but a few misunderstandings about gainsharing. Companies that could benefit the most may immediately close their minds to the approach due to a lack of understanding an unwillingness to...
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