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Profit-Sharing Plan
A corporate program in which a company shares a portion of its profits with its employees, typically in the form of a bonus or retirement contribution.
Scanlon Plan
A gainsharing program designed to encourage productivity and cost-saving initiatives by sharing the resultant financial gains with employees.
Labour Input
The total hours worked by employees or the effort put in by employees towards the production of goods or services.
Gain-Sharing Plans
Performance-based compensation strategies designed to encourage teamwork and improve productivity by sharing the financial gains with employees.
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