Profit Sharing

Paper Summary:

The economic slump in America the last few years has been counter productive for employee morale. The workers who have faced lay offs, pay reductions ,and removal of overtime, are having a hard time finding a reason to work hard and stay focused on productivity. One of the ways to motivate employees is through profit sharing. The way each program is set up may vary, but the concept is still the same. If the company makes more, the employees make more; therefore, it behooves the employees to crank up the productivity and the quality of the product or service they represent.

From the Paper:

"The success of profit sharing has been questioned for years. Business owners wonder if it is really worth their while to give up some of the profits in the hopes it will make the workers feel they have a stake in the company's outcome. Profit sharing is a plan that can backfire by costing the business money with no return, or it can be the prod that spurs the employees to increase profits by increasing productivity. It is a program in which it either helps or it hurts with no in between."

More papers on Profit Sharing:

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• Research Paper # 20738 : "Profit-Sharing & Productivity"

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