Asked by Serena Takhar on Jul 02, 2024

One of the way to reduce failure in a profit-sharing program is to set clear goals for the program.

Profit-Sharing Program

A company program in which employees receive a portion of the company’s profits, typically as a part of their compensation package, to motivate and reward them for their contribution to the company's success.

Clear Goals

Well-defined, unambiguous objectives that are easy to understand and pursue.

Appreciate the necessity of designing and assessing the success of pay programs.

Learning Objectives

Appreciate the necessity of designing and assessing the success of pay programs.

One of the way to reduce failure in a profit-sharing program is to set clear goals for the program.

Definitions

Learning Objectives

Learning Objectives

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