profit sharing

noun

Definition 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

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 2019 Yet employees are still getting roughly the same total payout for profit sharing. Kelly Yamanouchi, San Antonio Express-News, "Delta pays out $1.1 billion in profit sharing," 15 Feb. 2018 Her goal for open book is to eventually introduce a profit sharing program to help her employee earn more livable wage. Janelle Nanos, BostonGlobe.com, "For more Boston restaurants, staying in business means being an open book," 8 June 2018 Its membership has risen to 430,000 and profit sharing and wages continue to grow. Phoebe Wall Howard, Detroit Free Press, "UAW members meet to vote on dues, elect new leaders," 11 June 2018 Include medical coverage and profit sharing in your model. NBC News, "#Pride30: Entrepreneur Helen Russell is mixing business with social responsibility," 31 May 2018

These 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.

See More

First Known Use of profit sharing

1872, in the meaning defined above

Keep scrolling for more

Learn More about profit sharing

Statistics for profit sharing

Last Updated

10 Jul 2019

Look-up Popularity

Time Traveler for profit sharing

The first known use of profit sharing was in 1872

See more words from the same year

Keep scrolling for more

More Definitions for profit sharing

profit sharing

noun

English Language Learners Definition of profit sharing

: a system in which employees receive a part of the company's profits

profit sharing

noun
profit shar·​ing

Legal Definition of profit sharing

: a plan under which employees receive a part of the profits of an enterprise

More from Merriam-Webster on profit sharing

Rhyming Dictionary: Words that rhyme with profit sharing

Britannica.com: Encyclopedia article about profit sharing

Comments on profit sharing

What made you want to look up profit sharing? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

food or victuals

Get Word of the Day daily email!

Test Your Vocabulary

Farm Idioms Quiz

  • cow coming home
  • What does 'poke' refer to in the expression 'pig in a poke'?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Citation

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!