HR Managers Guide to Profit Sharing in Canada

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Canadian companies are faced with the effect of free trade agreements, globalization, declining productivity, shortages of skilled employees, and an increasingly demanding workforce seeking involvement and empowerment. Employee profit-sharing plans can help companies compensate employees without increasing fixed costs. And a profit-sharing plan that is properly designed, implemented, and administered as part of a comprehensive, progressive human resource strategy can also improve profitability and productivity. This practical guide will help you design and implement a profit-sharing plan without hiring an external consultant. It includes sample profit sharing plans from a broad range of industries and from companies of varying sizes. Forms and other documents such as checklists are included on a convenient CD-ROM so you can duplicate or revise them to suit your requirements.