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. 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. 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. 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. Jamie L. Lareau, Detroit Free Press, 17 Jan. 2024 See all Example Sentences for profit sharing 

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

Time Traveler
The first known use of profit sharing was in 1872

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

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