Profit Sharing
Definition
Profit Sharing is a plan that gives employees a share in the profits of the company, typically as part of their compensation package, encouraging ownership behavior and loyalty.
Benefits
Profit sharing distributes a portion of company profits to employees, incentivizing performance and loyalty.
Frequently Asked Questions
What is the profit sharing plan? A profit-sharing plan gives employees a share in the company`s profits, often as part of their compensation.
What is profit sharing in an organization? Profit sharing is a plan where employees receive a share of the company`s profits, often as part of their compensation.
What is profit sharing quizlet? Profit sharing is a plan where employees receive a portion of the company`s profits, encouraging ownership and loyalty.
Summary
Profit Sharing distributes a portion of company profits to employees.