Question

2) What were the features of abolishing of mandatory retirement at age 65 (ontario , canada)?
3) What was the impact of abolishing mandatory retirement age?

Task Word / Hand written Q1) Complete the table Types of plan What is the employees benefit Conditions of the employeer GAIN SHRAING GOAL SHARING PROFIT SHARING ESOP'S Q2) in your own words define the issues in gainsharing and goal sharing plans? 03) Do you think non-monetary plans are important why?

Answer 1

Answer 2= The main feature of abolishing the mandatory retirement age of 65 years is that now the employees more than 65 years can still continue to provide their service to the organization, The main objective behind this policy change was to utilize the working experience, expertise of these seasoned employees

Answer 3= The major benefit of abolishing the mandatory retirement are as below=

This will enable the firms to utilize the wide experience and expertise of aged employes

This will result in improved productivity

This will help the aged individuals to ensure their livelihood

Answer 1=

Types of plan GAIN SHRAING GOAL SHARING What is the employees benefit Increased incentives and benefits Greater performance Increased monetary beneifts retirement options and security Conditions of the employeer Improved productivity Motivated employees and clear goals Greater motivation and participation of staff involvement of the employees PROFIT SHARING ESOP'S

Answer 2= The main issue on gain sharing nd goal sharing plan is that when the employees start receiving these facilities, they start treating these facilities as more entitlement than the reward and performance-linked plans

P.S. AS PER CHEGG GUIDELINES ONLY FORST 4 PARTS ARE TO BE ANSWERED.