profit-sharing

The company introduced a new profit-sharing plan for its employees.

Definition

Noun (uncountable):
- A system in which employees receive a share of the profits of a business, typically in addition to their regular wages.
Example: The company introduced profit-sharing to motivate its workers.

Usage Examples

• (A program distributing company profits to workers.)
• (A financial incentive tied to business performance.)

Advanced Usage

• "profit-sharing scheme": a formal arrangement specifying how profits are distributed among employees. (The plan distributes profits every three months.)
• "profit-sharing ratio": the proportion of profits allocated to each participant. (The percentage each worker receives.)

Variants and Related Words

• Profit-sharing (adjective): relating to or involving profit-sharing. (The contract about sharing profits.)

Synonyms

• Bonus system: a method of giving extra pay based on earnings.
• Employee stock ownership plan (ESOP): a program where workers own shares in the company (related but distinct).

Related Idioms

• "a piece of the pie": a share of the profits or benefits. (They want a portion of the company's earnings.)

Phrasal Verbs (none directly applicable)

• No common phrasal verbs use "profit-sharing" as a verb phrase.