Long-term variable pay plans provide employees ownership opportunities as the value of the organization increases are applicable only in the _____.
A) public sector
B) private sector
C) technology sector
D) none of these

Question

Quizplus · Accepted Answer

Long-term variable pay plans are commonly used in the private sector to incentivize employees, particularly executives and high performers, to stay with the organization and work towards its growth and success. The plans typically involve granting employees equity or stock options, which increase in value as the organization's value increases. The public sector and technology sector may also offer variable pay plans, but they are not as common as in the private sector.

Long-Term Variable Pay Plans Provide Employees Ownership Opportunities as the Value