Explain profit sharing plans and esops


Discuss the below in detail:

What factors will contribute to a successful variable pay plan?

Explain profit sharing plans and ESOPs. What are the advantages and disadvantages of each?

Give examples of individual incentives used by your organization. Describe why these plans have been successful or unsuccessful.

Why are benefits strategically important to employers and what are some key strategic considerations?

Explain why health-care cost management has become important and discuss several strategies available for controlling costs.

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Mechanical Engineering: Explain profit sharing plans and esops
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