Asked by Daniil Yagolnikov on May 08, 2024
Verified
According to the Change Competency: Nucor's Profit-Sharing Program,The average Nucor steelworker earns more than $70,000 per year,but only one-third of that amount is guaranteed.
Nucor's Profit-Sharing Program
A compensation strategy used by Nucor Corporation that offers employees a share in the company's profits, aiming to motivate performance and align interests.
Steelworker
An individual who works in the steelmaking industry, often involved in the production and manufacturing of steel products.
Guaranteed
A promise or assurance that certain conditions will be fulfilled or met.
- Realize the essentiality of creating and gauging the efficacy of reward programs.
Verified Answer
Learning Objectives
- Realize the essentiality of creating and gauging the efficacy of reward programs.
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