Gainsharing

Gainsharing is a performance incentive strategy where employees and management collaborate to improve work processes, reduce costs, or increase productivity. When these improvements result in measurable savings or gains for the organization, a portion of those benefits is shared with the team. This encourages teamwork and motivation, aligning everyone's efforts toward shared success. Essentially, gainsharing creates a win-win scenario: the company benefits from efficiency gains, and employees are rewarded for their contributions to those improvements.