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| Author: | Thomas, B. W. Hess Olson, M. |
| Title: | Gain sharing: the design guarantees success |
| Journal: | Personnel Journal
1988 : MAY, VOL. 67:5, p.72-79 |
| Index terms: | MANAGEMENT SYSTEM PRODUCTIVITY PAYMENT SYSTEMS EMPLOYEE PARTICIPATION |
| Language: | eng |
| Abstract: | Gain sharing is based on the concept that resulting incremental economic gains are shared among employees and the company. The components of a successful gain sharing plan are presented like: plan objectives; definition of performance measures; funding formula; distribution method; size of payment; payment form; frequency of payment; support systems. Employee participation in plan design is expected through representation in plan-design teams. A model gain sharing plan design and administration is exhibited. An implementation strategy of the plan is described. |
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