Examlex
How can the gaps between what managers think employees feel and what employees really feel be reduced?
Gainsharing Plan
A performance-related pay strategy designed to involve employees in improving productivity through sharing the resultant financial gains.
Profit Sharing Plan
A benefit plan where employees receive a portion of the company's profits, typically in the form of annual bonuses, aligning their interests with the financial success of the organization.
Piece Rate
A pay plan in which workers are paid a fixed sum for each unit of production completed.
Individual-Level
Pertaining to or focusing on actions, reactions, or impacts on a single person, as opposed to groups or organizations.
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