HR Managers Guide to Profit Sharing in Canada

Details and specs

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.