From COLAs to Profit Sharing and Incentive Style Plans
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During the past decade, employers and unions have moved away from the concept of Cost-of-Living Adjustments (COLAs) to Profit Sharing and Incentive style plans. Differentiate between the different styles of plans and defend or argue against the move to the new style plans.
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Solution Summary
During the past decade, employers and unions have moved away from the concept of Cost-of-Living Adjustments (COLAs) to Profit Sharing and Incentive style plans. Below is a explanation of the difference between the different styles of plans and a defense/argument against the move to the new style plans.
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COLAs-Cost of Living Adjustments are basically salary increases. Bargaining tool that labor unions have used to help employees meet the increase in the consumer price index, thereby keeping them satisfied.
Profit Sharing and Incentive style ...
Education
- BA, Brooklyn College
- MBA/HCM, Phoenix University
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