Profit-sharing plans reward employees based on the entire organization's performance.

Name: Profit-sharing plans reward employees based on the entire organization's performance.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Profit-sharing plans distribute a portion of a company's profits to its employees. The amount each employee receives is typically based on a formula that takes into account the organization's overall financial performance, making it a reward system based on the entire organization's success.

Profit-Sharing Plans Reward Employees Based on the Entire Organization's Performance