Topic

The Profit-Sharing Incentive Plan

Instructions

Write a discussion paper discussing the profit-sharing incentive plan

Answer Preview

The profit-sharing plan has got weaknesses, strengths, opportunities, and threats. The advantages include an increase in the employee’s loyalty; acknowledgments on the work importance your employees do by giving out a tangible benefit may increase their commitment to your organization and the job satisfaction levels. Also, the profit-sharing incentive lowers recruitments and salary costs. The addition of this plan to one’s employees helps his/her organization have an improvement in the retention of its employees, saving cash on both recruitment and training. The third pro is that it improves productivity and efficiency; sharing profits may influence the employee’s efficiency, motivation, and productivity (Fakhfakh& FitzRoy, 2018).

Word Count: 450