Asked by Jackson Boone on Jul 15, 2024
Verified
ESOPs can increase employees' pride of ownership in the organization, providing an incentive for them to increase productivity and help the organization prosper and grow.
ESOPs
Employee Stock Ownership Plans, which are programs that provide employees with ownership interest in the company.
Pride of Ownership
A sense of satisfaction and accomplishment that individuals feel from owning or being responsible for a particular task or asset.
- Gain insight into how stock ownership plans contribute to enhancing employee commitment to the success of the organization.
Verified Answer
TA
Tyler AdamsJul 16, 2024
Final Answer :
True
Explanation :
ESOPs (Employee Stock Ownership Plans) give employees a stake in the company, aligning their interests with the success of the organization, which can motivate them to work harder and be more productive to ensure the company's growth and prosperity.
Learning Objectives
- Gain insight into how stock ownership plans contribute to enhancing employee commitment to the success of the organization.
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