An Effective Gain-Sharing Program Requires All of the Following EXCEPT

question 7

Multiple Choice

An effective gain-sharing program requires all of the following EXCEPT

• A) An easy to understand gain-sharing formula
• B) Gain-sharing payments are a supplement of (rather than replacement for) current compensation
• C) Employees are given a say in establishing targets and gain-sharing payments
• D) The majority of cost savings be distributed to workers (rather than owners)

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Definitions:

Self-Regulation

The ability of an individual to manage their thoughts, feelings, and behaviors to achieve their goals.

Self-Motivation

Self-Motivation is the internal drive that propels an individual to pursue goals and tasks without external incentives or prompts.

Self-Efficacy

A person's confidence in their ability to carry out actions needed to achieve certain performance goals.

Declarative Knowledge

Information or facts that an individual knows, which can be stated or described, such as events, dates, or concepts.