CH 11 Flashcards
Employee Stock Plans (SSSP)
Share Bonus Plan
Share Purchase Plan
Stock Option Plan
Phantom Share Plan
Profit Sharing Plans (DCC)
Deferred Profit Sharing Plan
Current Distribution Plan
Combination Plan
Goal Sharing Plans (SMF)
Single Goal Plan
Multi Goal Plan
Financially Funded Plan
Gain Sharing Plans (FIRS)
Scanlon
Rucker
Improshare
Family of Measures
phantom equity plan (new)
For retention/based on stock performance
new high tech firms
phantom share plan (dont own)
EE’s participate in the stock rising shares and dividends but don’t own any shares
share appreciation rights (=S,$+)
EE”s are awarded shares at no cost if the price stock rises during a specified period.
Family of measures plan (B)
A gain-sharing plan
uses a variety of measures to determine bonus payout
Improshare (hrs/unit)
A gain-sharing plan
focuses on labour hrs/unit & does not usually include worker participation.
Rucker plan (% VA)
A gain-sharing plan
expresses labour costs as a % of value added.
Scanlon plan (Part)
A gain-sharing plan
EE participation in developing productivity improvements and that shares the financial benefits of those improvements with the EE group that generated them.