Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Join our platform to get reliable answers to your questions from a knowledgeable community of experts. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.
Sagot :
Due to changes in production, Hanson steel gave each employee 75 percent of the cost savings. Hanson steel uses a gainsharing compensation plan.
A compensation plan refers to the practices, methods, and intentional approach that's used by an organization in maintaining financial interests and developing, retaining, attracting, and rewarding employees in an industry.
It should be noted that the gainsharing compensation plan refers to a compensation plan that is used to increase profitability as employees share in the company's gain. Since the workers share 75% of the cost savings, this is a gain-sharing compensation plan.
Read related link on:
https://brainly.com/question/25356534
Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.
