XYZ Company offers its employees the opportunity to buy shares of company stock as a way to motivate them to boost production. This kind of a program is called ________.

Question

Quizplus · Accepted Answer

The program described is called an Employee Stock Ownership Plan (ESOP), which allows employees to purchase shares of company stock as a form of ownership in the company. This can motivate employees to work harder and increase production, as their efforts will directly benefit their own financial stake in the company. Job enrichment and self-actualization refer to different types of motivation strategies, while an IRA is a retirement savings account and a non-monetary incentive would not involve purchasing company stock.

XYZ Company Offers Its Employees the Opportunity to Buy Shares