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profit sharing
noun
: 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
Other takeaways Ford awarded its hourly workers higher profit sharing checks averaging $10,416 despite being the target of a six-week UAW strike against the Detroit Three automakers.
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Phoebe Wall Howard, The Courier-Journal, 12 June 2024
Stakeholder capitalism, in contrast with shareholder capitalism, requires that public support for private firms have strong conditionality: clear goals to which businesses are held accountable; high labor, social, and environmental standards; and profit sharing with the public.
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Mariana Mazzucato, Foreign Affairs, 24 Jan. 2024
Top production workers at GM, for instance, now earn $36 an hour, or about $75,000 a year excluding overtime, benefits and profit sharing, which topped $10,000 this year.
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Kim Chandler, Fortune, 11 May 2024
With cost-of-living increases, workers will see about 33% boosts in wages for a top assembly wage of $42 per hour, plus annual profit sharing.
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Jamie L. Lareau, Detroit Free Press, 17 Jan. 2024
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These examples are programmatically compiled from various online sources to illustrate current usage of the word 'profit sharing.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
First Known Use
1872, in the meaning defined above
Dictionary Entries Near profit sharing
Cite this Entry
“Profit sharing.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/profit%20sharing. Accessed 5 Jul. 2024.
Legal Definition
profit sharing
noun
profit shar·ing
: 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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