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profit sharing Definition

profit sharing

noun

the practice of dividing a share of the profits of a business among employees, in addition to paying their regular wages and salaries

profit sharing Related Forms
prof′it-shar′ing adjective
profit sharing Usage Examples

Adjective modifier

  • discretionary: The K-factor only affects the SCR, and so relates only to the impact of discretionary profit sharing in the stress scenarios.

Modifies a noun

  • scheme: Company benefits include staff discount scheme, profit sharing scheme, subsidized canteen & free uniform.
  • plan: Stock bonus plan: A type of profit sharing plan, where contributions are made in the form of company stock.
  • basis: There are now hundreds of small, experimental and educational groups existing as co-operatives or on a profit sharing basis.