Gainsharing

Among the methods high-performance companies use to improve and develop is an old idea with a new name. Gainsharing is simply an incentive program that shares the rewards of improved performance with employees. The idea has a few new added twists because the drivers of the program may not always be related to more sales (or more anything) but would instead focus on issues of productivity, quality, customer satisfaction and safety. The idea is simply to encourage working smarter which in turn produces the means to allow for Gainsharing.