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Profit-Sharing Versus COLA

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Explain the difference between profit-sharing plans and COLAs. Do you believe profit-sharing plans or COLAs are more beneficial to employees? Defend your answer.

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Solution Summary

The solution explains the differences between profit-sharing plans and COLAs and which among the two is more beneficial to the employees. References included.

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Collective Bargaining

Explain the difference between profit-sharing plans and COLAs. Do you believe profit-sharing plans or COLAs are more beneficial to employees? Defend your answer.

Profit-sharing plans distribute a fixed percentage of total organizational profit to employees in the form of cash-deferred bonus amounts. They are defined contribution plans established and maintained by employers in which contribution to the plan may vary each year. These plans must provide a definite predetermined formula for allocating the contributions made to the plan among the participants.

Cost-of-living-adjustment (COLA) is the wage increase or decrease pegged to the ...

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