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Scanlon Plan
A gainsharing program designed to encourage productivity and cost-saving initiatives by sharing the resultant financial gains with employees.
Labour Input
The total hours worked by employees or the effort put in by employees towards the production of goods or services.
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.
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