As the new Vice President of HR,you have been asked to implement a profit-sharing program at Megatherium Resources and Exploration.For years Megatherium has been plagued with a contentious relationship between employees and management.The executive committee feels that a profit-sharing plan would improve employee-management relations.You should disagree and argue that Megatherium is not ready for profit-sharing.

Question

Quizplus · Accepted Answer

It is important to acknowledge that profit-sharing can have positive effects on employee morale and motivation. However, if there is already a contentious relationship between employees and management, implementing a profit-sharing plan may not be effective. It is necessary to address and resolve underlying issues before introducing such a program. Additionally, the company's financial stability and consistency of profits should also be considered before implementing a profit-sharing plan.

As the New Vice President of HR,you Have Been Asked