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profit sharing
noun
the sharing of profits, as between employer and employee, especially in such a way that the employee receives, in addition to wages, a share in the profits of the business.
profit-sharing
noun
a system in which a portion of the net profit of a business is distributed to its employees, usually in proportion to their wages or their length of service
profit sharing
Distributing the profits, or part of the profits, of a business to its employees.
Other Word Forms
- profitsharing adjective
Word History and Origins
Origin of profit sharing1
Example Sentences
They, like the players, are part of a newly-minted profit sharing agreement with the Lions.
The government also cites the nature of Hanni's income, which is deemed to be "profit sharing, rather than wages", according to local reports, adding that she pays business income tax rather than employment income tax.
It says profit sharing is "not going to be enough to deliver our support and the support of the workforce".
Fain said the deal also includes the end wage tiers at the company, as well as cost-of-living adjustments and “profit sharing for the first time in Daimler history.”
Union officials hope to address members’ lingering concerns in subsequent contracts, both in higher wages and possibly in profit sharing.
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