Profit sharing

Different incentive plans

Incentive plans are a kind of retirement plan for employees. The incentive consists in sharing a part of the profits made by a company with its employees. This helps build a solid relationship between the company and its employees. It also instills a sense of responsibility and ownership among employees. Photo by NeONBRAND on Unsplash […]

Profit sharing

Marvin’s profit share exceeds $ 15 million

Sales of Marvin’s doors and windows fell 25% in the spring, but Marvin said on Friday that a rapid rebound in the housing market allows the company to share $ 15.3 million in profits with its employees. The family-owned business, based in Warroad, Minn., Established its tradition of profit-sharing 63 years ago. The company that […]

Profit sharing

Employer-sponsored health insurance is a great form of profit sharing

Americans eat too much; smoking too much, consuming alcohol and illegal substances; and spending too much time sitting. Employer plans: the story The initial factor that made employer-sponsored health insurance tax deductible was the existence of wage and price controls in effect at the end of World War II. Employers looking for ways to attract […]