Profit Sharing

B2 16+

Pronunciation: /ˈprɑfɪt ˈʃɛrɪŋ/

Definitions of profit sharing

noun a system in which employees receive a share of the profits of a business

Example Sentences

A1 Profit sharing means employees receive a portion of the company's profits.

A2 Workers at the factory are happy because they have profit sharing in place.

B1 Many companies offer profit sharing as a way to motivate employees and increase productivity.

B2 The profit sharing scheme at this company is based on individual performance and company profits.

C1 Negotiating a fair profit sharing agreement is crucial for maintaining a positive work environment.

C2 The company's profit sharing program has been praised for its transparency and fairness.

Examples of profit sharing in a Sentence

formal The company implemented a new profit sharing program to incentivize employees to work harder.

informal Hey, did you hear about the new profit sharing scheme at work? We might actually get a decent bonus this year!

slang I'm hoping the profit sharing thing kicks in soon so I can finally afford that vacation.

figurative In a true partnership, both parties engage in profit sharing to ensure mutual success.

Grammatical Forms of profit sharing

plural

profit sharings

comparative

more profit sharing

superlative

most profit sharing

present tense

profit sharing

future tense

will profit share

perfect tense

have profit shared

continuous tense

is profit sharing

singular

profit sharing

positive degree

profit sharing

infinitive

to profit share

gerund

profit sharing

participle

profit shared

Origin and Evolution of profit sharing

First Known Use: 1806 year
Language of Origin: English
Story behind the word: The concept of profit sharing dates back to ancient times when various forms of profit-sharing arrangements were used in agricultural societies.
Evolution of the word: The term 'profit sharing' has evolved to encompass a wider range of industries and businesses, with a focus on incentivizing employees by offering them a share of the profits based on performance and company success.