0 a system by which employees share in profits that are a result of their more effective use of labour, energy, and materials: --
The gainsharing plans went beyond wage incentive plans by focusing on several key factors, including communication, cooperation between workers and management and problem-solving teams to improve product quality.
These data support the contention that gainsharing systems continue to grow in terms of the benefits they provide and are an effective long term strategy to improve organizational performance.
Of the 24 firms providing financial data, those with a gainsharing system in effect the longest showed the best performance.
Many of the firms in their review attributed significant work force savings to their gainsharing plans.
More than half the gainsharing plans revealed improvements in every dimension studied, indicating that where gainsharing plans work, they work in a variety of areas.