Profit Sharing (Noun)
Meaning
A system in which employees receive a share of the net profits of the business.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company implemented a profit-sharing plan to incentivize employees and boost morale.
- The profit-sharing scheme was a key factor in the company's ability to attract and retain top talent.
- As part of the profit-sharing program, employees received a bonus check at the end of each fiscal year.
- The union negotiated a profit-sharing agreement with the company, which resulted in significant financial gains for its members.
- The profit-sharing model allowed employees to feel invested in the company's success and motivated them to work harder.