What does gainsharing mean?
Definitions for gainsharing
gain·shar·ing
This dictionary definitions page includes all the possible meanings, example usage and translations of the word gainsharing.
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Wiktionary
gainsharingnoun
A compensation system in which companies share the financial value of performance gains, such as productivity, cost savings, or quality, with their workers.
Wikipedia
gainsharing
Profit sharing is various incentive plans introduced by businesses that provide direct or indirect payments to employees that depend on company's profitability in addition to employees' regular salary and bonuses. In publicly traded companies these plans typically amount to allocation of shares to employees. The profit sharing plans are based on predetermined economic sharing rules that define the split of gains between the company as a principal and the employee as an agent. For example, suppose the profits are x {\displaystyle x} , which might be a random variable. Before knowing the profits, the principal and agent might agree on a sharing rule s ( x ) {\displaystyle s(x)} . Here, the agent will receive s ( x ) {\displaystyle s(x)} and the principal will receive the residual gain x − s ( x ) {\displaystyle x-s(x)} .Profit-sharing tends to lead to less conflict and more cooperation between labor and their employers.
Numerology
Chaldean Numerology
The numerical value of gainsharing in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of gainsharing in Pythagorean Numerology is: 8
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"gainsharing." Definitions.net. STANDS4 LLC, 2024. Web. 18 Apr. 2024. <https://www.definitions.net/definition/gainsharing>.
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