profit sharing
nounDefinition of profit sharing
: a system or process under which employees receive a part of the profits of an industrial or commercial enterprise
Examples of profit sharing in a Sentence
Recent Examples on the Web
Wesler said the restaurant on Southwest Capitol Highway now pays about $18 an hour, plus some benefits and profit sharing based on employee longevity. — Mike Rogoway, oregonlive.com, "Oregon employers adapt to successive minimum wage hikes," 30 June 2019 Workers also would like to shift more of their pay from profit sharing, which can fall in a downturn, to hourly raises. — Tom Krisher, chicagotribune.com, "Detroit contract talks: Four things to know as autoworkers seek bigger share of the profits," 15 July 2019 Tax diversifiers When your employer contributes matching, profit sharing or non-discretionary dollars to your 401(k) account, they are required to use pre-tax dollars. — Michael J. Francis, Milwaukee Journal Sentinel, "401K Advisor: Saving in a Roth account may be a better choice for 401(k) participants," 28 June 2019 In 2018, workers at Google staged a walkout, and in 2014 at Market Basket supermarkets here in New England , employees demanded the return of a CEO who had supported generous profit sharing for workers. — Barbara Dyer, BostonGlobe.com, "Why your hard work isn’t paying off the way it used to," 18 June 2019 However, his profit sharing from the firm has grown from $87,954 in 2012 to $262,340 in the latest report. — Jim Turner, sun-sentinel.com, "Net worth grows for Florida legislative leaders," 5 July 2019 No profit sharing: As lawmakers debate whether to give a ratepayer bailout to Ohio’s two nuclear power plants, owner FirstEnergy Solutions says ongoing bankruptcy negotiations prevent it from publicly disclosing how profitable the facilities are. — Andrew J. Tobias, cleveland.com, "Ohio House, Senate, at odds over health-care items: Capitol Letter," 25 June 2019 The company offers a robust benefits package including medical, dental, vision, 401(k), profit sharing, a Christmas bonus, paid time off, holiday pay and an employee discount. — Leigh Farr, azcentral, "Small Company Rankings," 13 June 2019 Beyond the basic medical benefits and paid time off, associates receive life insurance, flexible work schedules, tuition reimbursement, discounts for vehicle purchases and rentals and a 401K plan with company match and profit sharing. — Mike Albert, Cincinnati.com, "Mike Albert associates keep their hands on the wheel and eyes on the future," 7 June 2019These example sentences are selected automatically from various online news sources to reflect current usage of the word 'profit sharing.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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