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Profit Sharing Plans

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Q1. What are profit sharing plans? List and describe at least two advantages and disadvantages of profit sharing plans.
Q2. Read the attached case study, "Appraising Performance at Prevision" and answer the two questions at the end,be sure to specify the question numbers to which the answers correspond.

Reference:
Martocchio, J. J. (2011). Strategic compensation: A human resource management approach (6th ed.). Upper Saddle River, NJ: Prentice Hall.

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Profit sharing is an incentive given by a company to employees, in addition to any other bonus or incentive ...

Solution Summary

I have provided a 912 word solution with references from the book Strategic Compensation. It outlines the question: "What are profit sharing plans?" and sums up the case study, "Appraising Performance at Prevision."

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You are an HR leader in a newly formed organization with 150 employees. Management has asked you to provide them with a proposal that describes two to three retirement plans that could be offered. In the proposal, you must identify specific requirements of the Employee Retirement Income Security Act of 1974 the organization would need to fulfill.

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o How will you communicate the plan to make it attractive?

The response addresses the queries posted in 1854 words with 5 references.

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