What are profit sharing programs?
A)An individual incentive plan that provides a bonus based on that employee's profitability
B)A program that provides a portion of company proceeds over a specific amount of time to the employees of the firm through a bonus payment
C)An example of giving praise
D)Incentives typically based on improvements in workplace safety of material savings
E)Pretty much the same as a gain sharing program

Question

Quizplus · Accepted Answer

Profit sharing programs are designed to provide a portion of the company's profits to its employees as a bonus payment. These programs are typically based on a set time period or specific company goals. It is a way to incentivize employees to work towards the success of the company and share in the rewards of its profits.

What Are Profit Sharing Programs