Gainsharing

Description:

"Gainsharing is an incentive system that rewards the employee for improving the performance of their organization by promptly sharing the value of that improvement between the employees and the organization on a predetermined formula. Gainsharing would not continue to exist without its thoroughly demonstrated ability to generate organizational improvement."

—From the Introduction

Gainsharing is an improvement strategy: an involvement strategy: and a compensation strategy. This book addresses employees in two ways - measure of productivity and quality of work done, and the excellence of the end product or service from the customer's point of view. Linking at least a part of the employees' overall compensation to those measures provides a direct connection between their efforts and the profits from which their increased share will come. The main theme of Gainsharing is to encourage "working smarter"