Mario Development Group wants to give employees incentives while getting the maximum tax advantage for them and the firm.Flexibility in compensation costs is important.The firm needs to keep fixed compensation low while still attracting high quality job candidates.Which of the following would be most appropriate for Mario Development Group?
A) Scanlon plan
B) Rucker plan
C) Profit sharing
D) Merit pay

Question

Quizplus · Accepted Answer

Profit sharing would be the best choice for Mario Development Group as it allows for flexibility in compensation costs while still providing incentives to employees. It also provides a tax advantage for both the company and employees. The amount of profit sharing can be adjusted based on the company's financial performance, making it a good fit for a company looking to keep fixed compensation low while attracting high-quality job candidates. Additionally, profit sharing can help improve employee morale and motivation, which can lead to increased productivity and profits for the company.

Mario Development Group Wants to Give Employees Incentives While Getting