Examlex
Which of the following is an example of a welfare agency?
Scanlon Plan
A type of gainsharing program that rewards employees for improvements in productivity and cost savings within a company.
Gainsharing Plan
An incentive strategy that rewards employees for contributing to the company's productivity improvements by sharing the resultant financial gains.
Profit-Sharing Plan
A company-wide program that provides employees with a share in the profits of the company, typically based on its quarterly or annual earnings.
Merit Pay
A pay system where employees are compensated based on their performance, as measured through appraisals or achievements, incentivizing higher productivity and excellence.
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