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Murljashka [212]
2 years ago
13

due to changes in production, hanson steel gave each employee 75 percent of the cost savings. hanson steel uses a ________ compe

nsation plan.
Business
1 answer:
mihalych1998 [28]2 years ago
8 0

Due to changes in production, Hanson steel gave each employee 75 percent of the cost savings. Hanson steel uses a <u>gainsharing </u>compensation plan.

A compensation plan refers to the practices, methods, and intentional approach that's used by an organization in maintaining financial interests and developing, retaining, attracting, and rewarding employees in an industry.

It should be noted that the gainsharing compensation plan refers to a compensation plan that is used to increase profitability as employees share in the company's gain. Since the workers share 75% of the cost savings, this is a gain-sharing compensation plan.

Read related link on:

brainly.com/question/25356534

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Answer:

Sometimes our justice system can really surprise us. How can a person sue another individual based on arguments that are known to be false? Shouldn't the courts just say no to this kind of lawsuits?

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