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Gain Sharing is about providing a performance-based incentive to
employees of a company.
Widely Used Forms of Gain Sharing
Shares,
Stock Options,
Phantom Stock,
Royalties, a share of Return on Invested
Capital (ROIC)
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Gainsharing is a
system or a program of management in which an organization seeks
higher levels of
performance through the involvement and participation of its
empowered people. Generally all team members are included. Gains
shared are tired to performance. As performance improves and
profits increase,
employees share financially in the gain.
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Share your profits with all your associates, and
treat them as partners. |
Sam Walton |
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A typical Gain-Sharing organization
measures performance and shares the savings or extra profits with
all employees through a pre-determined formula.
Benefits of Gain Sharing
Gain sharing encourages people to do their best, conserve resources, and
collaborate synergistically in order to produce greater results...
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