Examlex
You have read about the merits of employee recognition programs.While you have a somewhat limited budget,you are willing to implement a program in your department. You have decided to let employees select a small group to represent them and work with management.This is termed:
Assembly Line
A manufacturing process that breaks down the production into sequential steps carried out by different workers, significantly increasing efficiency.
Gain-Sharing Plan
A type of incentive plan that gives employees a share of the company's saved costs or increased profits, typically resulting from their collective efforts to improve performance.
Team-Based Pay
A compensation strategy where employee earnings are linked to the performance of their team as a whole rather than individual performance.
Operational Outcomes
The results or outputs stemming from the operational activities of an organization, which can include profits, efficiency, and product quality among other factors.
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