gainsharing

n. a reward system in which employees are provided with monetary incentives in the form of bonuses that are tied to the performance of a business unit or organization. See incentive system; Scanlon plan. See also agency theory.

Browse dictionary by letter

a b c d e f g h i j k l m n o p q r s t u v w x y z

Psychology term of the day

July 27th 2024

horizontal–vertical illusion

the misperception that vertical lines are longer than horizontal lines when both are actually the same length. The vertical element of an upper case letter T, for example, looks longer than the cross bar, even when the lengths are identical. See also foreshortening; Helmholtz square illusion.