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Ruth King’s Bonus/Profit Sharing Plans

 

Bonuses and profit sharing plans are put in place to reward managers and employees for helping the company achieve profits. Company owners "share the wealth" with those who have helped create it.

Bonuses and profit sharing are distributed two months after the fiscal year ends. They are distributed according to the program described below for managers and a separate program for all other employees. They are not distributed at holiday time because if they are distributed at holiday time, then employees look at the distributions as gifts and expect them — whether the company has a good year or a loss.

 

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Ruth King's Bonus/Profit Sharing Plans

     
 

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