Respect for People Is a Key Element of Lean and Typically

question 26

True/False

Respect for people is a key element of lean and typically only applies to the internal operations of a company.

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Definitions:

Stock Plan

An employee benefit plan in which staff have the opportunity to buy company shares, often at a discount or as part of compensation.

Stock Bonus Plan

A form of compensation given to employees, offering them shares in the company as part of their remuneration package.

Stock Gainsharing Plan

A compensation program where employees receive benefits based on the company's stock performance, usually in addition to their regular salaries.

Guaranteed Pay

Compensation that an employee can count on receiving, typically a fixed annual amount, regardless of performance or company profits.