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... > social science subjects > psychology > applied psychology > industrial psychology > employment, staffing, and careers > gainsharing and profit sharing

Preferred term

gainsharing and profit sharing  

Definition

  • Gainsharing (GS) and profit sharing (PS) are two pay-for-performance systems used by organizations to reward workers for increased performance at the group, unit, or organization level (Rynes, Gerhart, & Parks, 2005). The ultimate goals of GS and PS plans are improving specific aspects of organizational productivity and improving employee attitudes relating to justice, collaboration, and teamwork. [Source: Encyclopedia of Industrial and Organizational Psychology; Gainsharing and Profit Sharing]

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https://concepts.sagepub.com/social-science/concept/gainsharing_and_profit_sharing

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