Asked by stefanie gacho on Jul 27, 2024
Verified
Because profit-sharing plans often fail to pay off for several years in a row, they can have limited motivational value.
Profit-sharing Plans
Compensation schemes where employees receive a share of the company's profits, typically in the form of bonuses or equity.
Motivational Value
The significance or importance that an individual places on specific outcomes or rewards that help in driving their behavior towards achieving goals.
- Scrutinize the outcomes and barriers of multiple motivation frameworks.
Verified Answer
AM
Amanda MurrianJul 31, 2024
Final Answer :
True
Explanation :
Profit-sharing plans are a form of long-term compensation that requires a company to be profitable in order for employees to receive bonuses. If the company does not make a profit, employees may not receive any bonus for several years, which can limit their motivation.
Learning Objectives
- Scrutinize the outcomes and barriers of multiple motivation frameworks.
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