Concept information
Preferred term
profit sharing
Definition
- Profit sharing is a performance incentive plan that distributes a fixed percentage of an organization's pretax profits to qualified employees. According to a 2001 survey by Medical Economics, 30% of physicians in the United States participate in a profit-sharing plan. [Source: Encyclopedia of Health Care Management; Profit Sharing]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/profit_sharing
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