Profit sharing
What Profit sharing means in Business GCSE, as defined for AQA, OCR.
Definitions of Profit sharing
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Reference: AQA
A share of company profit distributed to employees, often at year end, so effort is tied to overall business success rather than individual output.
A system where a proportion of the company's profits is distributed to employees.
Topics that use Profit sharing
- Motivating employees (AQA GCSE)
- Motivation and retention (OCR GCSE)
Related terms
- Fringe benefits
- Motivation
- Staff Turnover
- Commission
- Competitiveness and profitability
- Cost versus benefit of motivation methods
- Employee retention and productivity
- Financial and non-financial rewards
Using Profit sharing in the exam
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