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Eduncle posted an MCQ
October 15, 2019 • 15:11 pm 0 points
  • UGC NET
  • Management

Which of the following is/are not gain sharing plan(s) ?

Which of the following is/are not gain sharing plan(s) ? (a) Scanlon Plan (b) Rucker Plan (c) Employee Stock Option Plan (d) Improshere Plan

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    Eduncle Best Answer

    The Scanlon Plan is the most common gain-sharing plan. First used in the 1930s, it relies on department-level employee/management committees to develop cost-savings activities. 
    Rucker Plans also use a committee system; the savings gain is based on value added, the increased value of goods at each stage of production, and calculated by comparing labor costs with sales minus the cost of goods sold. 
    An Improved Productivity Through Sharing (Improshare) Plan involves developing standards for product or service-delivery time based on historical data. These standards form the operational baseline against which suggested improvements are compared. Savings are an indication of the amount of change in the relationship of labor (inputs) to outputs – the final product or service. 

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