ADMS 3490 Chapter Notes - Chapter 10: Profit Sharing, Work Unit, High Tech
30 Jan 2016
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Who wants to be a millionaire; 1980s two young drop outs starting. It grew over time and needed more capital and space, it went public and asked employees to invest in form of stocks. 1996 because of stock plan and increase in its stock prices all its original employees became millionaires. Scanlon plan: created during tough times by scanlon. In which employees can gain, create mechanisms for employee participation. Labor saving in how employees can to save time and create efficiency and being able to get financial benefits. Rucker plan: a gain sharing plan like scanlon but expresses labor cost as a percentage of value added. Improshare: a gain sharing plan that focuses on labor hours per unit of output and that does not usually include worker participation. Family of measures plan: a gain-sharing plan that uses a variety of measures to determine the extent to which a bonus payout is justified.
