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Figure 20-1
-Identify the structure labeled "1."
Gain-Sharing Plans
Performance-based compensation strategies designed to encourage teamwork and improve productivity by sharing the financial gains with employees.
Historical Baseline
A reference point derived from past data, typically used for comparison with current data to monitor changes or progress over time.
Productivity Gains
Increases in the output of goods or services per unit of input, often as a result of improvements in efficiency or technology.
Scanlon Plan
A type of gain-sharing program that focuses on improving productivity and sharing the resulting incremental earnings with employees.
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