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 Full-time non-sales employees are eligible for profit sharing after spending one calendar year with the company. Nick Davidson, Outside Online, 1 Oct. 2014 Being able to share in the wealth of the business and actually feel some sort of ownership of it through profit sharing — very few other places do that. Elena Kadvany, San Francisco Chronicle, 14 July 2022 Median employee pay can include salary or hourly wage, bonus, company contributions to 401(k), overtime and profit sharing. Jamie L. Lareau, Detroit Free Press, 29 Apr. 2022 Plus, everyone’s eligible for profit sharing and company stock. Nick Davidson, Outside Online, 1 Oct. 2014 Costs per available seat mile, excluding fuel and oil expenses, profit sharing and special items, came in 18% higher than 2019 levels, driven by higher airport costs and labor rates, including $127 million in incentive pay. Will Feuer, WSJ, 28 Apr. 2022 So, between profit sharing, employee deferral, and company match, the maximum that could go into a 401(k) for one person in 2022 is $61,000. David Rae, Forbes, 5 Nov. 2021 Employers pay profit sharing bonuses the next year. James Brewer, Forbes, 27 Jan. 2022 In the National Agreement GM has with the UAW, temporary employees are not eligible for profit sharing. Jamie L. Lareau, Detroit Free Press, 1 Feb. 2022 See More

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.

First Known Use of profit sharing

1872, in the meaning defined above

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Time Traveler for profit sharing

Time Traveler

The first known use of profit sharing was in 1872

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Dictionary Entries Near profit sharing

profit motive

profit sharing

profit system

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Statistics for profit sharing

Last Updated

7 Aug 2022

Cite this Entry

“Profit sharing.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/profit%20sharing. Accessed 9 Aug. 2022.

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More Definitions for profit sharing

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

Britannica.com: Encyclopedia article about profit sharing

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