profit sharing

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  • noun

Words related to profit sharing

a system in which employees receive a share of the net profits of the business

References in periodicals archive ?
The airline has paid out nearly USD 5 billion through its profit sharing program over the past five years.
Profit sharing plans must have a set formula for determining how the contributions are allocated among plan participants, but they needn't be traditional prorata plans, as illustrated in example 1.
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.
Income from profit sharing agreements can make the difference between profit and loss for an insurance agency," said PIANY President Daniel Benerofe.
One of the most common types of age-weighted profit sharing plans is the "cross tested" or "new comparability" plan.
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.
A lump-sum distribution can be made from a profit sharing plan if the employee has attained 59 1/2 even though termination has not occurred; see Letter Rulings 9721036, 8810088 and 8805025.
Weitzman [1987] has argued that in an economy with long term unemployment due to extra-competitive wages, profit sharing can eliminate this unemployment by lowering the marginal cost of labor.
The basic question is: Does profit sharing work as a motivator for blue collar employees?
There is some evidence nationally and in Texas connecting compensation policies - in this case, profit sharing and gainsharing - and productivity.
In this book, Douglas Kruse sets out to review the literature on the effects of profit sharing and to provide new empirical evidence on profit sharing's consequences using a new longitudinal data set containing information on both organizations with profit sharing and those without it.
Rather, the partners must determine what works best for them by examining not only the nature of their business but also the partners' attitudes toward profit sharing and business development.