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Toronto Hydroelectric System Limited EB20110144 Exhibit C2 Tab 1 Schedule 6 ORIGINAL (8 pages)Gain Sharing Program Guide For Crew Leaders and Systems Response Representatives of Toronto Hydro Electric

How to fill out gain sharing

How to fill out gain sharing:

1. Gather relevant data: Start by collecting and analyzing data related to the specific area or process that you want to implement gain sharing in. This could include financial data, production figures, quality metrics, and any other relevant information.
2. Establish performance metrics: Define clear and measurable performance metrics that will determine the success of the gain sharing program. These metrics should be aligned with the overall goals and objectives of the organization.
3. Define a formula: Once you have identified the performance metrics, develop a formula that will determine how the gain sharing will be calculated and distributed among the participants. This formula should be fair, transparent, and easily understood by everyone involved.
4. Determine the baseline: Set a baseline performance level against which the performance improvement will be measured. This baseline will help determine the starting point for calculating the gains.
5. Communicate the program: Clearly communicate the gain sharing program to all employees or participants who will be involved. Explain the purpose, objectives, and benefits of the program, as well as the specific roles and responsibilities of each participant.
6. Implement tracking and reporting system: Establish a system for tracking and reporting the performance metrics on an ongoing basis. This could involve regular meetings, progress reports, or a software system that automates the tracking process.
7. Regularly review and adjust: Continuously monitor and review the gain sharing program to ensure its effectiveness. Make necessary adjustments or improvements based on the feedback and results obtained. Regularly communicate the progress and successes of the program to maintain motivation and engagement.

Who needs gain sharing:

1. Organizations seeking to improve performance: Gain sharing can be beneficial for organizations that want to motivate and incentivize their employees to improve performance and achieve specific goals. It encourages collaboration, engagement, and a focus on continuous improvement.
2. Companies aiming to increase productivity and efficiency: Gain sharing can help companies increase productivity and efficiency by providing a financial incentive for employees to find innovative ways to streamline processes, reduce waste, and improve overall performance.
3. Businesses looking to foster a culture of performance and teamwork: Gain sharing promotes a culture of performance and teamwork, as it encourages employees to work together towards common goals and rewards them based on their collective achievements. It can enhance collaboration and foster a sense of ownership among employees.
4. Organizations in highly competitive industries: Gain sharing can be particularly beneficial for organizations in highly competitive industries, where performance improvement is crucial for success. It helps to create a results-oriented mindset and encourages employees to go above and beyond their usual efforts.
5. Companies wanting to boost employee morale and satisfaction: Gain sharing programs can have a positive impact on employee morale and job satisfaction. By offering a financial incentive for improved performance, employees feel recognized, valued, and motivated, leading to increased job satisfaction and a stronger commitment to the organization.

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What is gain sharing?

Gain sharing is a method of distributing profits or benefits among employees based on the performance of a company.

Who is required to file gain sharing?

Companies that have implemented gain-sharing programs and have distributed profits or benefits among employees based on performance are required to file gain sharing.

How to fill out gain sharing?

Gain sharing can be filled out by providing information on the company's performance metrics, the amount distributed to employees, and the calculation method used to determine each employee's share.

What is the purpose of gain sharing?

The purpose of gain sharing is to incentivize employees to improve company performance, increase productivity, and share in the benefits of their efforts.

What information must be reported on gain sharing?

Information that must be reported on gain sharing includes the company's performance metrics, the amount distributed to employees, and the calculation method used to determine each employee's share.