Entry from US English dictionary
Definition of gainsharing in English:
An incentive plan in which employees or customers receive benefits directly as a result of cost-saving measures that they initiate or participate in: [as modifier]: the company’s gainsharing program ties bonuses directly to team performance
More example sentences
- These include gainsharing, profit sharing, stock options, quality circles, lean production, post-fordism, flexibility, flex-time, and of course, ESOPS.
- A real attempt to tackle the whole issue of employee participation and gainsharing should also be made.
- The key challenges faced by the social partners and the NCPP will include promoting flexibility at work, multiculturalism and new systems of rewards, such as gainsharing, benchmarking and profitsharing.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.