Definition of Gainsharing:
An incentive plan in which employees or customers receive benefits directly as a result of cost-saving measures that they initiate or participate in.
An employment benefit whereby an employer agrees to share profits with the employee based upon the employees contribution to gains that are achieved. For example, a bonus may be paid when sales revenues eclipse a sales goal.
How to use Gainsharing in a sentence?
- The companys gainsharing program ties bonuses directly to team performance.
Meaning of Gainsharing & Gainsharing Definition