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Author Question: Explain the difference between profit sharing and gain sharing. What will be an ideal ... (Read 211 times)

BRWH

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on: Jul 7, 2018
Explain the difference between profit sharing and gain sharing.
 
  What will be an ideal response?

Question 2

One advantage of larger groups is that they have a greater number of resources at their disposal to accomplish their goals.
 
  Indicate whether the statement is true or false


InfiniteSteez

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Reply #1 on: Jul 7, 2018
Answer to Question 1

Profit sharing is a kind of gain-sharing pay plan. Employees participating in profit-sharing plans receive a certain share of an organization's profits. Pay plans that are linked strictly to organizational performance are often called gain-sharing plans. In organizations that have such plans, employees are given a certain share of the profits that the organization makes or a certain share of the expenses that are saved during a specified period of time.

Answer to Question 2

TRUE


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