Business Compensation Terms

2 words in this vocabulary list

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

  • The company implemented a new profit sharing program to incentivize employees to work harder.
  • Hey, did you hear about the new profit sharing scheme at work? We might actually get a decent bonus this year!
  • I'm hoping the profit sharing thing kicks in soon so I can finally afford that vacation.
  • In a true partnership, both parties engage in profit sharing to ensure mutual success.

noun compensation or reward given for loss or harm suffered or effort made

verb to compensate or make amends for something

  • The company offered financial recompense to the employees affected by the restructuring.
  • I'm hoping for some kind of recompense for all the extra work I've been doing.
  • I'll make sure you get your recompense for helping me out.
  • The feeling of accomplishment was the best recompense for all the hard work.