A Study Of Profit Sharing Plans In Canada

Author : David E. Tyson
Publisher : Wiley
ISBN 13 : 9780471641469
Total Pages : 256 pages
Book Rating : 4.6/5 (414 download)

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Download or read book Profit Sharing in Canada written by David E. Tyson and published by Wiley. This book was released on 1996-03-15 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looking for ways to motivate your employees to improve the bottom line, but without spending additional dollars on salaries? Pr???fit Sharing in Canada The Complete Guide to Designing and Implementing Plans that Really Work Profit-sharing plans are a highly effective way to increase profitability and productivity, as well as improve employees’ compensation, without increasing fixed costs. This "nuts-and-bolts" guide focuses on broad-based plans, which include virtually all employees. Profit Sharing in Canada is a practical guide to designing and implementing a profit-sharing plan in your company, with little or no help from external advisers: Explains how to involve, motivate, and reward employees—and improve corporate performance—without increasing fixed costs. Covers types of plans, how to decide which employees are eligible and how to divide up the profits among them, tax advantages and implications, communication to employees, plan administration, and much more. Explains all the issues involved in clear, non-technical language. Includes helpful checklists of topics that need to be discussed and reviewed at each stage of design and implementation. Provides sample plans and a resource list of organizations to contact for further information and professional help. Includes a disk containing spreadsheets of various allocation formulas readers can use to calculate "what-if" scenarios.