Asked by Jennifer Esparza on May 10, 2024
Verified
Quentin wants to reward his employees while also raising equity in his small business. By doing this, he will be able to keep control of the business until the time comes to hand over the reins to his eligible employees. Quentin has decided to start ______.
A) merit pay system
B) profit sharing
C) gainsharing
D) an employee stock ownership plan
Profit Sharing
Sharing profits with employees of an organization by the owners.
Gainsharing
A system where employees are rewarded based on the performance improvements or financial gains of their company.
- Detail multiple performance-driven compensation arrangements and their application scenarios.
Verified Answer
AS
Andrew StyronMay 12, 2024
Final Answer :
D
Explanation :
An Employee Stock Ownership Plan (ESOP) allows employees to become owners of stock in the company, aligning with Quentin's goal of rewarding employees while raising equity and maintaining control until he decides to transfer ownership.
Learning Objectives
- Detail multiple performance-driven compensation arrangements and their application scenarios.
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