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 ?
1bn in profit sharing for the third year in a row, the company said.
A traditional profit sharing plan usually calls for prorata contributions to all covered employees' accounts.
com)-- On August 7, 2014, the Paulena Gross Realty Group of Slidell, Louisiana, consisting of Paulena Gross (Lead Agent), Ansley Frey (Transaction Coordinator) and Cara Budde (Admin and Marketing Manager), attended an Aaron Kaufman seminar elaborating on the Keller Williams Profit Sharing System.
The Professional Insurance Agents of New York (PIANY) has issued "Profit Sharing Contracts: A Guide To Comparative Analysis," a report resulting from months of study by the association's Ad Hoc Committee on Company Profit Sharing Agreements.
These annual obligations can be avoided with profit sharing plans.
4 million to the Baldor Employee Profit Sharing & Savings Plan.
Continental Airlines said strong results in 2007 will allow it to make a $158 million profit sharing distribution to its employees.
To be a qualified automatic enrollment feature, the plan must provide for either an employer matching contribution or a profit sharing contribution.
The two sides had repeated bargaining sessions, but, after two extensions, talks broke off on May 13 over the issue of profit sharing, commonly known as residuals in other areas of the entertainment industry.
A step ahead of fringe benefits, profit sharing is offered to increase productivity and decrease in cost.
Profit sharing and horizontal management practices have been critical in driving this foundry to achieve unparalleled casting production and sales for a firm its size.