Asked by Manisha Reddy on Jun 18, 2024
Verified
To reduce failure when using a profit-sharing plan,you should do all of the following except:
A) Do not tell the employees the metrics that the program is measuring
B) Tie the program to the company's strategies
C) Give the program time to succeed.It takes two or three years for a program to
Change overall company performance.
D) Provide up-to-date information that allows employees to see how well they are
Performing against their goals
Profit-Sharing Plan
A company program that distributes a portion of its profits to its employees, typically in the form of bonuses or as part of retirement benefits.
Failure Reduction
The process of identifying, analyzing, and mitigating errors, flaws, or failures in a system or process to improve overall performance and reliability.
Metrics
Quantitative measures used to track and assess the status of specific processes, activities, or outcomes within an organization.
- Comprehend techniques for increasing the success rates of profit-sharing initiatives.
Verified Answer
Learning Objectives
- Comprehend techniques for increasing the success rates of profit-sharing initiatives.
Related questions
To Reduce Failure When Using a Profit-Sharing Plan,you Should Do ...
According to the Change Competency: Nucor's Profit-Sharing Program,when the Electrical ...
ABC LtdGenerated One Million Canadian Dollars in Profits This Year ...
Which Statement Does NOT Accurately Describe a Profit-Sharing Plan ...
Identify and Briefly Comment on the Key Issues in Designing ...