Traditional Gainsharing Plans,like the Scanlon Plan,are Not Designed to Address

question 78

Multiple Choice

Traditional gainsharing plans,like the Scanlon plan,are not designed to address many of the complex issues facing companies today.Their shortcomings include all of the following except:

• A) They require too much time and effort to administer
• B) They have a tendency to become institutionalized
• C) They are not flexible enough to reward "star performers"
• D) Service-sector firms are unable to isolate or measure gains in productivity

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Definitions:

Training and Development

Programs and initiatives focused on improving the skills, knowledge, and capabilities of employees through education and practical experiences.

Organizations

Groups structured and managed to meet a need or to pursue collective goals on a continuing basis.

Six Sigma

A data-driven approach and methodology for eliminating defects in any process, from manufacturing to transactional and from product to service.

Corporate Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business organization.