Question

Grabhouse inc. is experiencing an increase in turnover rates of its top employees. upon consulting with its managers for the reasons for this increase, grabhouse finds that employees are uneasy with the current pay mix as it involves too many risky elements. in order to make its pay mix less risky, grabhouse needs to:

Answer 1

In order to make its pay mix less risky, Grabhouse needs to INTRODUCE A PROFIT SHARING PLAN TO ITS PAY MIX.
A profit sharing plan is a plan which gives employees part of the profits that are generated by the company. In this plan, each worker receives a percentage of company's profits based on the company's quarterly or yearly profits. Applying this method will reduce the rate at which employees leave the company.