Successful gainsharing plans include employee stock ownership plans.

Question

Quizplus · Accepted Answer

While employee stock ownership plans (ESOPs) are a form of employee ownership, they are not necessarily tied to gainsharing plans. Gainsharing plans typically involve sharing a portion of financial gains with employees based on their contributions to improving productivity or reducing costs. ESOPs, on the other hand, involve employees owning a percentage of the company's stock, usually as part of their retirement benefits. While there may be some overlap between the two, they are not the same thing and a successful gainsharing plan does not necessarily require an ESOP.

Successful Gainsharing Plans Include Employee Stock Ownership Plans