profit-sharing scheme


profit-sharing scheme
A scheme by which employees share in the profits of a business, usually through some type of share ownership. See employee share ownership plan; employee share ownership trust; savings related share option scheme; share option See also gain sharing; profit-related pay

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • profit sharing scheme — A type of incentive scheme allowing employees to receive a share of the profit made by the business, in addition to their salary. With the introduction of share incentive plans, profit sharing schemes have been phased out. Practical Law… …   Law dictionary

  • profit-sharing scheme — A scheme by which employees share in the profits of a business, usually through some type of share ownership. See: employee share ownership plan, employee share ownership trust, savings related share option scheme, share option …   Accounting dictionary

  • profit-sharing — profˈit sharing noun A voluntary agreement under which an employee receives a share, fixed beforehand, of the profits of a business • • • Main Entry: ↑profit * * * ˈprofit sharing [profit sharing] noun uncountabl …   Useful english dictionary

  • profit-sharing — / prɒfɪt ˌʃeərɪŋ/ noun an arrangement where workers get a share of the profits of the company they work for ● The company runs a profit sharing scheme …   Dictionary of banking and finance

  • profit-sharing — UK US (also profit sharing) noun [U] ► HR a system by which employees receive a part of the profits of a business: »The company s costs increased due to higher employee profit sharing. »a profit sharing agreement/plan/scheme …   Financial and business terms

  • approved profit sharing — Under the Income and Corporation Taxes Act 1988, this scheme requires the establishment of an employee benefit trust into which the company pays cash out of its profits. The company obtains a corporation tax deduction for any such payment. Such… …   Law dictionary

  • profit-related pay — PRP 1) The situation in which the pay of employees is related to the profit made by the employer. The purpose is to increase motivation, commitment, and effort by the workforce by ensuring that all staff have a positive stake in the commercial… …   Big dictionary of business and management

  • scheme — /ski:m/ noun a plan, arrangement or way of working ● Under the bonus scheme all employees get 10% of their annual pay as a Christmas bonus. ● He has joined the company pension scheme. ● We operate a profit sharing scheme for managers. ● The new… …   Dictionary of banking and finance

  • Boat sharing — describes the ownership of boats, mainly sailing boats, by an non profit organisation for its members, for pleasure use. A boat sharing organisation may be an association, club, cooperative or company. The boats may be owned by the organisation,… …   Wikipedia

  • Bicycle sharing system — Vélo v in Lyon …   Wikipedia