Universal Broadcasting Corp

question 75

Essay

Universal Broadcasting Corp. is concerned about losing some of its best technical staff to competitors. Senior executives have decided that the best way to build a loyal work force is to introduce a deferred profit-sharing plan. Employees would receive half of each year's profit share at the end of the year, but the other half would be paid out over the next two years as trailers. Anyone who leaves, other than due to retirement or layoffs, would forfeit some or all of the deferred payments. Explain what effect this plan may have on organizational commitment and employee behaviours.

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Definitions:

Charter

A formal document that establishes the rights, privileges, and purposes of an organization or city.

Dress Code

A set of rules specifying the attire expected to be worn by individuals in certain environments or situations.

CRTC

The Canadian Radio-television and Telecommunications Commission, a regulatory agency for broadcasting and telecommunications in Canada.

Principles of Equity

Fundamental guidelines in legal systems that emphasize fairness, justice, and impartiality, especially in cases where strict application of laws may lead to an unjust outcome.