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Colgate Is a Good Example of How to Implement a Successful

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Colgate is a good example of how to implement a successful HR internalization strategy.


Definitions:

Gainsharing

A performance-based compensation strategy where employees receive bonuses based on improvements in the company's productivity, efficiency, or profitability.

Piece-rate Plans

A compensation system where employees are paid based on the quantity of work completed, rather than hours worked.

Gainsharing Plans

Performance-based compensation programs where savings or gains from increased productivity and cost-efficiency are shared with employees.

Share Options

Financial derivative instruments that give the holder the right, but not the obligation, to buy or sell company shares at a specified price before a specified date.

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