A cost based productivity sharing plan, where workers are rewarded when the ratio of payroll costs to sales or production can be reduced against an historical standard
Ulric Sealy (Compiler), Glossary of Industrial Relations and Related Terms and Concepts for Trade Unionists, International Labour Office, ISBN 92-2-113503-9, International Labour Organization ILO, First Ed. 2002, http://www.ilo.org/wcmsp5/groups/public/---america s/---ro-lima/---sro-port_of_spain/documents/public ation/wcms_224181.pdf, (Lbr Law and Ind Rltn - Brit) {782}