Concept information
Preferred term
profit-sharing
Definition
- Profit-sharing is an incentive pay system where the employees are entitled to a predetermined part of the company's profits. It can be applied in various ways and for various reasons. [Source: Encyclopedia of Business in Today's World; Profit-Sharing]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/profit-sharing
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