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