gainsharing


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gainsharing

(ˈɡeɪnʃɛərɪŋ)
n
(Industrial Relations & HR Terms) commerce
a. a system in which employees are financially rewarded for reducing operating costs and working more efficiently. The reward may or may not be in relation to individual performance
b. (as modifier): a gainsharing scheme.
[C19: on the model of profit-sharing]
References in periodicals archive ?
'Consistent with the government's policy of achieving a higher level of productivity to preserve and generate jobs, and to augment the income of workers, there is a need to build the capacity of business enterprises to be competitive through productivity improvement and gainsharing programs.'
The board said there is a need to build the capacity of business enterprises to be competitive through productivity improvement and gainsharing programs, which is consistent with the government's policy of achieving a higher level of productivity to preserve and generate jobs, and to augment the income of workers.
The success of gainsharing schemes, which have helped with the introduction of biosimilar medicines in medical practice across Europe, have themselves been aided by evidence-based discussions in a multi-stakeholder setting.
In order to make meaningful progress toward achieving the Triple Aim (and the gainsharing promised by ACO programs), ACOs must move beyond CMS reporting requirements and perform deeper analytics.
The national TWPB is an attached agency of the DOLE, and it determines minimum wages at the regional, provincial and/or industry levels and promotes productivity improvement and gainsharing schemes, particularly among micro, small and medium enterprises.
This is an opportunity for retailers to focus on short-term bumps through "gainsharing," group-based pay-for-performance programs that have been found to more than offset the cost to employers.
I found a better plan: gainsharing, a program that ties financial gains directly to overall team performance.
The company has engineered a program called gainsharing to reinforce the importance of the team as the central unit; it uses ambient data to measure productivity in the form of sales per hour each team is to make.
See Robert Coates, The New Jersey Gainsharing Experience, Physician Exec.