Profit Sharing is an incentive arrangement plan that gives employees the share in profits of a company under which employees regularly receive, in addition to their wages and salaries, a share on some predetermined basis, in the profits of undertaking, the sum allocated to workers varying with the level of profits. The Profit Sharing concept was adopted at an International Congress on Profit Sharing held in Paris in 1889.
Related Definitions in the Project: The Commercial Definitions
