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Buy custom Gain Sharing vs. Profit Sharing

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Topic: Business
Number of pages / Number of words: 13 / 3556
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them" attitude so that they work together to achieve gainsharing goals3. This unity may lack when profit-sharing is the only plan in the company.

One of the key attributes of a gainsharing plan is that employees are involved, and therefore must be able to identify with the company's operations such as manufacturing methods, costs, products, prices, and customers4...


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This attribute is usually non-existent in a profit-sharing plan due to the lack of employee involvement. Another attribute of gainsharing is that the plan demands a high level of competence from the employees. Employees must innovate to solve problems when challenged with goals imposed by gainsharing...


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