What Is the Philosophy Behind the Scanlon Plan

question 73

Multiple Choice

What is the philosophy behind the Scanlon Plan?

• A) Rewards are shared with employees based on improved profits.
• B) Employees should offer ideas and suggestions to improve productivity and, in turn, be rewarded for their constructive efforts.
• C) Organizational profits should improve through sales efforts.
• D) Managers and employees should establish quality and quantity goals for optimum organizational performance.

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Definitions:

Demographic Factors

Socioeconomic characteristics of a population, such as age, gender, and income, which can influence behaviors and trends.

Ratio Analysis

A quantitative method of analyzing a company's financial health by comparing various metrics from the financial statements, often used by investors and analysts.

HR Demand

The anticipated need for human resources in an organization, driven by strategic goals, operational plans, and projected growth, which guides recruitment and workforce planning.

Trend Analyses

The practice of collecting information and attempting to spot a pattern, or trend, in the data, often used for predicting future events or behaviors.