Skip to main content

Search from vocabulary

Content language

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

Download this concept: