Gain Sharing

Gain Sharing

A bonus given to an employee who finds and implements creative ways to increase revenue or reduce costs. In general, gain sharing involves giving the employee a portion of the extra revenue or the cost savings. The idea behind gain sharing is to encourage employees to work for the good of the company by making it in their best interests to do so.
References in periodicals archive ?
Physician executives have looked with interest at recently approved gain sharing agreements between hospitals and physician groups.
Gain sharing is understood to mean a financial arrangement between a hospital and physician where a hospital gives the physician a percentage of cost savings generated by the physician's cost reduction and enhanced productivity efforts.
A PACE Performance Recognition Plan or gain sharing program.
Among the proposed revisions are: the approval of a partial gain sharing credit computed at a per share price of $52.
The platforms include basic terms and conditions, Benchmarking, gain sharing and change management.
Gain sharing aligns the economic interests of company executives and employees.
The notion of profitsharing, gain sharing, and employee hare-ownership have been around for decades.
That package includes health insurance, long-term disability insurance, stock options, gain sharing, a 401K retirement plan with company match, adoption assistance and tuition reimbursement, all in a field where more than half of all employers do not even offer basic health benefits.
With wage hikes scheduled for 1986 and 1987 the gain sharing program would have put machinists' hourly pay an average of $1.
Only Transervice offers an open book, "Full Disclosure" philosophy combined with a Gain Sharing Incentive.
Arthur Andersen's Healthcare Group today announced it has developed a Physician Gain Sharing strategy to enable hospitals and physicians to resolve ongoing process and incentive issues, while improving patient care.
Local President Joe Saalwaechter stated, "With its unique structure, gain sharing provides our members with the same incentives as management, so we all participate equally in the Company's success.