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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 Experts say the top bargainers would have to decide contentious economic issues such as wages, profit sharing, giving temporary workers a path to full-time jobs, products for plants GM wants to close and other issues that could take a lot of time.
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BostonGlobe.com, "GM reverses course, says strikers will keep health coverage - The Boston Globe," 27 Sep. 2019 The automakers don't want to raise the base pay too much, offering instead profit sharing and lump-sum payments to give the workers more money.
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Chris Isidore, CNN, "GM's strike is over. Now it's time for Ford and Chrysler to make a deal," 28 Oct. 2019 That brings to $36,000 the amount hourly employees have received in profit sharing over a decade.
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Washington Post, "Fiat Chrysler: prolonged virus trouble can hurt Europe plant," 6 Feb. 2020 Ford workers received $7,600 in profit sharing last year, which was a $100 more than the amount issued in 2017.
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Grace Schneider, The Courier-Journal, "Ford Motor Co. workers will get $6,600 in profit sharing, down $1,000 from a year ago," 4 Feb. 2020 Last week, Delta announced $1.6 billion in profit sharing for employees, roughly equal to about two months worth of salary.
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Dallas News, "Philadelphia-based pilots call for American Airlines to replace CEO Doug Parker," 22 Jan. 2020 Experts say the top bargainers would have to decide contentious economic issues such as wages, profit sharing, giving temporary workers a path to full-time jobs, products for plants GM wants to close and other issues that could take a lot of time.
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BostonGlobe.com, "GM reverses course, says strikers will keep health coverage - The Boston Globe," 27 Sep. 2019 Experts say the top bargainers would have to decide contentious economic issues such as wages, profit sharing, giving temporary workers a path to full-time jobs, products for plants GM wants to close and other issues that could take a lot of time.
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Washington Post, "GM reverses course, says strikers will keep health coverage," 26 Sep. 2019 Experts say the top bargainers would have to decide contentious economic issues such as wages, profit sharing, giving temporary workers a path to full-time jobs, products for plants GM wants to close and other issues that could take a lot of time.
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Tom Krisher, Los Angeles Times, "GM backpedals, saying it’ll pay for strikers’ health insurance," 26 Sep. 2019
See MoreThese 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.
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The first known use of profit sharing was in 1872
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