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Anishka Reddy
on Oct 17, 2024

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All of the following are characteristics of a successful profit-sharing plan except:

A) do not bother setting goals for the plan
B) involve line managers and employees in the plan's creation to ensure they'll support it
C) tie the program to the company's strategies
D) give the plan time to succeed

Profit-Sharing Plan

A company program that gives employees a share in the profits of the company, typically based on its yearly or quarterly earnings.

Line Managers

Supervisors or managers who have direct responsibility over a particular line of business, department, or team within an organization.

Program Strategies

Planned actions or series of actions aimed at achieving specific goals within a program.

  • Understand thoroughly the characteristics and pluses of various bonus systems, including flexible benefits packages and profit-sharing proposals.
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KHIYYAH WALKEROct 20, 2024
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