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profit sharing

the sharing of profits, as between employer and employee, especially in such a way that the employee receives, in addition to wages, a share in the profits of the business.
Origin of profit sharing
First recorded in 1880-85
Related forms
profitsharing, adjective Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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Examples from the Web for profit sharing
Historical Examples
  • Increase in wages will not be the remedy, but only profit sharing.

    The Psychology of Nations G.E. Partridge
  • There are various methods of increasing earnings by profit sharing.

    A Rational Wages System

    Henry Atkinson
  • The introduction of various forms of profit sharing will give something of this character to commercial companies.

    The Group Mind William McDougall
  • Still another may approach the ideal by means of profit sharing, bonuses, and other such emoluments.

    Analyzing Character

    Katherine M. H. Blackford and Arthur Newcomb
  • I believe that a system of profit sharing can be devised which will bring management and labour into a sensible partnership.

  • We are away beyond being shocked at profit sharing, and even sharing in control of administration and that sort of thing.

    To Him That Hath Ralph Connor
  • It differs from profit sharing in that it depends on quantity of work done and not on profit made.

    A Rational Wages System

    Henry Atkinson
  • It also features a profit sharing rebate scheme, whereby purchasers receive a coupon representing 10 per cent.

profit sharing in Culture

profit sharing definition

Distributing the profits, or part of the profits, of a business to its employees.

The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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