Why and How Do Companies Use Workload Approach

question 90

Essay

Why and how do companies use workload approach?

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Definitions:

Gain-sharing Plan

is a system in which employees receive a share of the profits based on the performance of their company or department, intended to increase productivity and align employees' interests with those of the organization.

Performance Contributions

Efforts or inputs by employees that contribute positively to the goals and success of an organization.

Incentive Pay

A compensation strategy where employees earn additional pay based on performance metrics or achieving predefined goals.

Goal Setting Theory

A framework that suggests setting specific, challenging, and attainable goals can significantly improve performance by increasing motivation and efforts.