Gainsharing has a better chance of success if management works to create a culture that emphasizes respect, cooperation, and open communication. Commitment also means that management must give workers the power to make changes in their jobs so they can realize productivity and quality gains. The third critical factor is involvement. Companies with repeated gainsharing success typically have a variety of ways for their teams to share information, tackle problems, and evaluate results. Quality circles are an example of involvement.
Quality circles allow employees the opportunity to join in the problem solving process.
The final factor critical to the success of gainsharing is communication. This means that information that traditionally belongs to management now must be shared with everybody. Combining these critical factors of success into the design of gainsharing plan will give your company the formula for success. Benefits of Gainsharing Gainsharing provides a wide variety of benefits for a company that successfully implements the program. The company benefits from a more efficient operation because gainsharing put it in the interest of the workers to become more productive.