Question

The management of Jeremynt Inc., a public relations firm, gives each of its teams the responsibility of increasing their productivity through measures developed by the team members and approved by the respective team managers. The company then measures the team-level productivity, and the cost savings resulting from the improvements in productivity are split among its employees. In this scenario, Jeremynt Inc. is most likely using a group incentive system called _____.

Answer 1

gainsharing incentive

Step-by-step explanation:

In simple words, A gainsharing system on a theoretical level is essentially a group reward program-a productivity pay pro- gram-in which workers as a collective receive incentives to collaborate to boost plant efficiency. In comparison to something like a profit-sharing system, incentives are much more directly related to the success of individual workers or teams of workers in a gain-sharing opportunity.