Question

At Esco Retail, all employees are constantly driven to work hard. The company places maximum emphasis on stocking high quality goods and providing high quality service to retain the edge they have in the retail industry. To promote organizational commitment further, the company incentivizes employees by enabling them to purchase company shares at below-market prices as a part of their benefits. This mode of providing incentives represents the use of ________.

Answer 1

employee stock ownership plans

Step-by-step explanation:

Esco Retail offers employee stock ownership plans as an incentive for employees to remain motivated and promised to meet the quality standards required by the company. This action plan works as follows: The company provides employees with facilitated action plans from the company itself or from a group of companies. This benefit motivates employees to be more effective, but control over ownership is greater, so executives establish greater governance as control of capital and voting rights are not allowed to all shareholders equally.