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Profit Sharing

Profit Sharing

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Published by Don

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Published by: Don on Oct 08, 2008
Copyright:Attribution Non-commercial

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10/04/2014

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 Narciso D. Isidro Jr. Narciso D. Isidro Jr.
MBA-TEPMBA-TEP
Personnel &Personnel &Industrial RelationsIndustrial Relations
 
Dr. Lorenzo C. LorenzoDr. Lorenzo C. LorenzoPresented by:Presented by: Narciso D. Isidro Jr. Narciso D. Isidro Jr.
 
PROFIT SHARING PLANSPROFIT SHARING PLANS
ФФProfit sharing is an incentive plan under Profit sharing is an incentive plan under which an employer agrees to share with hiswhich an employer agrees to share with his personnel a specified portion of the net profits personnel a specified portion of the net profitsof his business at the end of each fiscal period or of his business at the end of each fiscal period or over a given period.over a given period.
 
Ways of Implementing Profit-sharingWays of Implementing Profit-sharing
Equally distributedEqually distributed Net Profit x .03% Net Profit x .03%÷ Number of Employees÷ Number of Employees
Performance RatingPerformance Rating Net Profit x .03% ÷ Number of Employees Net Profit x .03% ÷ Number of EmployeesEmployee 1 (90%-100%) = P500Employee 1 (90%-100%) = P500Employee 2 (80%-90%) = P300Employee 2 (80%-90%) = P300

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