Asked by Arthur Brooks on Jun 22, 2024
Verified
Employee stock ownership plans can be modelled to do which of the following?
A) provide ownership and voting power to employees when making major decisions about the company's future.
B) give employees the opportunity to buy-in to the company over time
C) allow groups of workers to receive bonuses for exceeding predetermined levels of output
D) encourage sharing bonuses and salary increases equally by basing them on team results
E) recognize special contributions as they occur
Voting Power
The right or authority to cast a vote in order to influence a decision or outcome, often used in the context of elections or corporate governance.
- Examine the influence of compensation policies on workforce conduct and the goals of the organization.
- Comprehend the ways in which compensation approaches can entice and preserve talent in an organization.
Verified Answer
MN
Mickael NguyenJun 28, 2024
Final Answer :
A
Explanation :
Employee stock ownership plans (ESOPs) are designed to provide ownership and voting power to employees, allowing them to have a say in major decisions about the company's future. ESOPs also give employees the opportunity to buy-in to the company over time, helping to align their interests with the long-term success of the company. While C), D), and E) may be benefits offered by some companies, they are not specific features of ESOPs.
Learning Objectives
- Examine the influence of compensation policies on workforce conduct and the goals of the organization.
- Comprehend the ways in which compensation approaches can entice and preserve talent in an organization.