Objectives of Profit-sharing

Objectives of Profit-sharing:

1. To supplement the regular earning of the workers,
2. To create a sense of partnership among the workers and the management,
3. To enable the workers to participate in the prosperity of their company,
4. To develop cordial labour-management relations and to improve employee morale.
5. To introduce incentive wage plan.
6. To raise productive efficiency by reducing costs and increasing output.
7. To reduce labour turnover and to improve public relations.
8. To provide for employee security in the event of death, retirement or disability.