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

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 The company also uses a unique business model that invests in its employees and in their community by paying above minimum wage and using profit sharing. Monique Judge, The Root, "#CoffeeWhileBlack: Black-Owned Coffee Shops in Philly to Host Roundtable on Day of Starbucks Racial-Bias Training," 25 May 2018 Taking the bonus and profit-sharing into account, FCA workers will match what Ford workers are getting in their $7,500 profit sharing checks announced this week. Eric D. Lawrence, Detroit Free Press, "Fiat Chrysler shows big profit boost for 2017; workers get $5,500 each," 25 Jan. 2018 Employees will also be able to enroll in a bi-annual profit sharing program. Erin Sauder, Elgin Courier-News, "OTTO Engineering bumps hourly wages by 40 percent, plans May 5 job fair," 24 Apr. 2018 In a proposal for the in-development movie ‘Red Notice’ that closely mirrored the final deal, Dwayne Johnson would earn $22 million to star, plus profit sharing or bonuses for its performance at the box office. Ben Fritz, WSJ, "How Much Does Dwayne ‘The Rock’ Johnson Make for One Movie?," 9 Mar. 2018 Those bonuses are to be in addition to any profit sharing or performance bonuses the employees would receive this year. Eric D. Lawrence, Detroit Free Press, "Fiat Chrysler will invest $1B in Warren Truck plant; bring Ram work back from Mexico," 11 Jan. 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.

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First Known Use of profit sharing

1872, in the meaning defined above

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The first known use of profit sharing was in 1872

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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

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Britannica.com: Encyclopedia article about profit sharing

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