Profit Sharing. A simple concept, but one that comes with a lot of misconceptions. With this blog, we are hoping to clear some of them up for you.
In theory, profit sharing is a no brainer. By allowing employees to reap the benefits of the success of the company, you will see happier, more interested, more loyal, and more motivated employees. Additionally, in the US, tax breaks have helped support profit sharing and share ownership. Whether you are considering stock options, direct cash and bonus options, or deferred compensation, there are many things to consider - as each provides its own advantages.Read More