Asked by Sydney Mankin on Jul 19, 2024
Verified
More than one-third of the companies that use profit sharing do not track the results of such programs.
Profit Sharing
A company policy of sharing a portion of its profits with its employees, typically in the form of bonuses or contributions to retirement accounts.
Track Results
Involves monitoring, recording, and analyzing outcomes or performance over a period to measure progress towards goals.
- Identify the importance of establishing and examining the effectiveness of salary frameworks.
Verified Answer
OC
Organic ChemistJul 23, 2024
Final Answer :
True
Explanation :
According to a survey by WorldatWork, 36% of companies that use profit sharing do not track the results of such programs.
Learning Objectives
- Identify the importance of establishing and examining the effectiveness of salary frameworks.
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