Asked by Raman Chahal on May 23, 2024
Verified
Helping employees to purchase stock in their employing companies is called
A) employee stakeholder plan.
B) gain-sharing.
C) two-tier wage system.
D) profit sharing.
E) employee stock ownership plan.
Employee Stock Ownership Plan
A plan that helps employees purchase stock in their employing companies.
Gain-Sharing
A compensation strategy where employees receive additional financial benefits from the company's performance improvements.
Two-Tier Wage System
A compensation system where new employees are paid less and receive fewer benefits than existing employees for doing the same job.
- Identify the advantages and objectives of profit-sharing, gain-sharing, and employee stock ownership plans (ESOPs) in enhancing organizational performance.
Verified Answer
Learning Objectives
- Identify the advantages and objectives of profit-sharing, gain-sharing, and employee stock ownership plans (ESOPs) in enhancing organizational performance.
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