Asked by La Vida de una Guerrera on Jun 18, 2024
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According to the Change Competency: Nucor's Profit-Sharing Program,Nucor's profit-sharing plan is also based on employees' ability to keep the mills running and discover new ways to improve the quality and amount of steel produced.
Change Competency
The ability to effectively manage and adapt to change within an organization or environment.
Nucor's Profit-Sharing Program
A compensation scheme implemented by the steel company Nucor, designed to share a portion of profits with employees, thereby aligning their interests with the success of the company.
Steel Produced
The quantity of steel that has been manufactured and processed from raw materials.
- Grasp the importance of compensations in perpetuating superior work rates among staff members.
- Acknowledge the value of drafting and tracking the outcomes of compensation plans.
Verified Answer
Learning Objectives
- Grasp the importance of compensations in perpetuating superior work rates among staff members.
- Acknowledge the value of drafting and tracking the outcomes of compensation plans.
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