profit-sharing


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Related to profit-sharing: Gainsharing

profit-sharing

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
References in periodicals archive ?
Employees of the company also receive cash payments for reaching on-time performance goals, in addition to profit-sharing.
Under a profit-sharing plan, as a defined-contribution plan, benefits must be based solely on amounts contributed to the participant's account and attributable income, gains, expenses and losses.
One firm neither increased nor decreased profit-sharing.
The profit-sharing program has made every employee feel as if he or she is an owner of Richmond Casting," said McBride.
Provide a profit-sharing plan integrated with Social Security.
The Simplified Employee Pension (SEP), sometimes called the SEP-IRA, is similar to a Keogh (the profit-sharing variety) but simpler to set up and administer--more, in fact, like an IRA.
There are several factors a company must consider with a profit-sharing plan.
Some countries' laws specify a minimum level of employee benefits, such as high social-security payments or mandatory profit-sharing, making an ESOP less attractive.
Recently, however, a series of arguments have been made that pay systems involving stock ownership or profit-sharing might increase employee productivity in spite of the free-ridership problem.
Several of the studies revealed that the rate of employee participation has a significant effect on the success of a profit-sharing plan.
The average wage at Worthington, whereeveryone is on salary, is pegged at about 25 percent above the comparable geographic area manufacturing average; on top of that, a quarterly profit-sharing bonus (based upon a predetermined formula) usually amounts to 80 percent of the base wage.
The purchase of the profit-sharing royalty rights is expected to enable Orthovita to increase its gross margins on product sales of VITAGEL and CELLPAKER.