SCANLON PLAN

A type of business plan wherein cost reduction or improved efficiency translates to higher profitability which is then shared throughout the company or group in the form of monetary bonuses and profit-sharing.

SCANLON PLAN: "The Scanlon Plan is named for Joseph Scanlon (1899-1956), a U.S. union leader."
Cite this page: N., Pam M.S., "SCANLON PLAN," in PsychologyDictionary.org, April 28, 2013, https://psychologydictionary.org/scanlon-plan/ (accessed May 12, 2021).
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