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Gainsharing Defined
Gainsharing is a system or approach of managing that promotes higher level of performance
through the involvement and participation of employees.
As performance improves, employees share in the financial gain.
Improved performance yields greater compensation, in turn promoting
continuous improvement through a reinforcing cycle.
Today, the majority of Gainsharing plans are
customized arrangements that are carefully designed to support a company's
business objectives. A Gainsharing plan can be tailored to fit your company's
needs and culture. Gainsharing plans
foster routine communication about the business conditions, operating
performance, and customer service. They foster a common focus and reinforce
team-based performance.
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Gainsharing fosters a common focus and drives organization change
Gains and resulting payouts are self-funded
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