Nick is evaluating the success of his company's profit-sharing program and asks you for your input. What advice would you give Nick that will help him gauge his program's effectiveness?
A) Give the program time to succeed. It takes two or three years for a program to change overall company performance.
B) If you tie the program to the company's strategies, it will be too hard to evaluate whether the program is successful.
C) Make sure the goals of the program are general in nature; specific goals will be too hard to meet.
D) Only let management be involved in the creation of the program; employee input complicates the process.

Question

Quizplus · Accepted Answer

A profit-sharing program takes time to make an impact on overall company performance, and it is important to be patient and allow the program to succeed over a period of years. Option B is not recommended because tying the program to company strategies will help evaluate its effectiveness. Option C is incorrect because specific goals are necessary for measuring progress towards achieving the program's objectives. Option D is also incorrect because employee input can provide valuable insights and increase employee buy-in for the program.

Nick Is Evaluating the Success of His Company's Profit-Sharing Program