What pay plan provides employees with a sense of legal and psychological ownership?
A)Gain-sharing
B)Profit sharing
C)ESOPs
D)Skill-based pay
E)Lump sum bonus

Question

Quizplus · Accepted Answer

Employee Stock Ownership Plans (ESOPs) provide employees with a sense of legal and psychological ownership because they actually become part-owners of the company through the acquisition of its stock. This ownership stake not only offers potential financial benefits but also fosters a deeper connection and commitment to the company's success.

What Pay Plan Provides Employees with a Sense of Legal