Explain the Difference Between Equity of Redemption and Equity

question 41

Essay

Explain the difference between equity of redemption and equity.

---

Definitions:

Quality Circles

Small groups of employees who voluntarily come together to identify solutions to work-related problems, aiming to improve the quality of products, services, and work life.

Profit-Sharing

A company program that offers employees a portion of the company's profits, usually in the form of bonuses or stocks.

Gainsharing

A performance-related pay strategy that involves sharing the financial gains with employees as a result of improved productivity or cost-saving measures.

Self Directed Work Teams

Groups of employees who manage their own workload and operations without direct supervision, often responsible for decision-making and problem-solving.