Your team must still go through normal approval processes, indicating that it does not have, which will likely impede its ability to reach the stretch goal. In addition to putting your bank into compliance with the law, the new process is expected to save hundreds of thousands of dollars a year in improved efficiency. If your bank decides to share a significant portion of those savings with your team, what type of compensation system would the bank be using

Question

Business

Bailee Harding

6 August, 05:18

Your team must still go through normal approval processes, indicating that it does not have, which will likely impede its ability to reach the stretch goal. In addition to putting your bank into compliance with the law, the new process is expected to save hundreds of thousands of dollars a year in improved efficiency. If your bank decides to share a significant portion of those savings with your team, what type of compensation system would the bank be using

+2

Answers (1)

Know the Answer?

Johan · Answer 1

gainsharing

Explanation:

Note that because the team does not have not have bureaucratic immunity, which will likely impede its ability to reach the stretch goal, a significant portion of the savings is shared by the bank among the team.

Thus, this action by the bank indicates that it using the gainsharing compensation system which encourages increase performance, cooperation among team members by distributing the amount of savings realize from the plan.