Profit sharing plans are becoming increasingly popular among businesses as a way to incentivize employees and improve productivity. In a profit sharing plan, companies distribute a portion of their profits to employees as a form of compensation. However, not all companies offer profit sharing plans. In this blog post, we will go over which companies offer profit sharing plans.
Southwest Airlines
Southwest Airlines is well-known for its profit sharing plan, which has been in place since 1974. The airline has a history of consistently sharing profits with its employees, with the plan paying out over $700 million to employees in 2019 alone. The plan is open to all employees, including part-time workers.
Publix Super Markets
Publix Super Markets is a grocery store chain that offers a profit sharing plan to its employees. The company has a history of being employee-owned, with over 80% of its stock being held by employees. The profit sharing plan pays out a portion of the company's profits to eligible employees each year.
Costco Wholesale
Costco Wholesale is a popular retail chain that offers a profit sharing plan to eligible employees. The plan is designed to reward employees for their hard work and dedication to the company's success. In addition to profit sharing, Costco offers other benefits, such as 401(k) plans and health insurance.
Microsoft
Microsoft is a technology giant that offers a profit sharing plan to eligible employees. The plan is designed to reward employees for their contributions to the company's success. In addition to profit sharing, Microsoft offers other benefits, such as stock options and health insurance.
Intel
Intel is a semiconductor company that offers a profit sharing plan to eligible employees. The plan is designed to reward employees for their contributions to the company's success. In addition to profit sharing, Intel offers other benefits, such as 401(k) plans and health insurance.
The Home Depot
The Home Depot is a home improvement retailer that offers a profit sharing plan to eligible employees. The plan is designed to reward employees for their hard work and dedication to the company's success. In addition to profit sharing, The Home Depot offers other benefits, such as 401(k) plans and health insurance.
UPS
UPS is a logistics and transportation company that offers a profit sharing plan to eligible employees. The plan is designed to reward employees for their contributions to the company's success. In addition to profit sharing, UPS offers other benefits, such as 401(k) plans and health insurance.
American Airlines
American Airlines is a major airline that offers a profit sharing plan to eligible employees. The plan is designed to reward employees for their hard work and dedication to the company's success. In addition to profit sharing, American Airlines offers other benefits, such as health insurance and retirement plans.
Delta Air Lines
Delta Air Lines is another major airline that offers a profit sharing plan to eligible employees. The plan is designed to reward employees for their contributions to the company's success. In addition to profit sharing, Delta Air Lines offers other benefits, such as 401(k) plans and health insurance.
In conclusion, profit sharing plans are a popular way for companies to incentivize their employees and improve productivity. While not all companies offer profit sharing plans, there are many that do, including Southwest Airlines, Publix Super Markets, Costco Wholesale, Microsoft, Intel, The Home Depot, UPS, American Airlines, and Delta Air Lines. If you're considering a job with one of these companies, be sure to research their profit sharing plan and eligibility requirements to see if it's the right fit for you.