profit sharing


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profit sharing

n.
A system by which employees receive a share of the profits of a business enterprise.

prof′it shar`ing


n.
the sharing of a portion of the profits from a business with employees, who receive it in addition to wages.
[1880–85]
prof′it-shar`ing, adj.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.profit sharing - a system in which employees receive a share of the net profits of the business
share, percentage, portion, part - assets belonging to or due to or contributed by an individual person or group; "he wanted his share in cash"
Translations
References in periodicals archive ?
In keeping with the philosophy that agents are partners and stakeholders in the success of the business, Keller Williams Realty has created a distinct profit sharing program in which approximately 50 percent of every market center's profits every month are returned to those who have contributed to a market center's growth by attracting productive associates to the office.
This year's profit sharing payment is a reflection of the hard work and dedication Delta people have shown in delivering what our customers have come to expect - great operations and service," said Delta CEO Richard Anderson.
Matching contributions or profit sharing contributions must also satisfy certain percentages, and notice requirements apply as well.
The type of research is casual, as it defines the relationship among different variables to ascertain the impact of Profit Sharing.
In 1985, Garrity took a dramatic step and solidified the foundry's relationship with its employees--Richmond Casting introduced profit sharing to its 36 employees.
In models with variable capital, the question of the effect of profit sharing on employment does not reduce to the question of its effect on wages.
Other plans limit profit sharing to production workers, but include indirect labor such as supervisors and maintenance personnel.
Cash profit sharing plans pay annual bonuses to workers when the value of their output is greater than their base wage.
In "Profit Sharing and Productivity," Weitzman and Kruse discuss the use of profit sharing as a means to improve productivity.
Procter & Gamble, for instance, introduced profit sharing a century ago.
The Profit Sharing/401k Council of America (PSCA), a national non-profit association of 1,200 companies and their 5 million employees, advocates increased retirement security through profit sharing, 401(k) and related defined contribution programs to federal policymakers and makes practical assistance with profit sharing and 401(k) plan design, administration, investment, compliance and communication available to its members.