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CIRA

Exam Code: CIRA

Exam Name: Certified Investment Research AnalystCertification

Version: V16.75

Q & A: 400 Questions and Answers

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NEW QUESTION: 1
Which of the following are the benefits of gainsharing programs?
Each correct answer represents a complete solution. Choose all that apply.
A. Helps the organization to achieve improvement in key performance measures
B. Enhances the focus and awareness of employees
C. Aligns employees to organizational goals
D. Employees are paid on the basis of group performance rather than individual performan
Answer: A,B,C
Explanation:
Explanation/Reference:
Answer options A, B, and C are correct.
The benefits of gainsharing programs are as follows:
1. Aligns employees to organizational goals
2. Helps the organization to achieve improvement in key performance measures
3. Enhances the focus and awareness of employees
What is gainsharing?
Gainsharing is a system of management used by a business to get higher levels of performance through the involvement and participation of its people. As performance improves, employees share financially in the gain (improvement). Gainsharing is about people working smarter together and not just working harder.
Answer option D is incorrect. This is a disadvantage of gainsharing programs.
Reference: "http://simple.wikipedia.org/wiki/Gainsharing"
Chapter: Compensation and Benefits

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