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Profit-Sharing and Lump-Sum Provisions

Why do you think profit-sharing and lump-sum provisions have increased in usage in recent years, while COLAs and wage reopeners have decreased in use?

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I think there are several reasons for this. First, when you are talking about COLA and Wage reopeners, you are talking about an increase in pay that is based solely on performance or an estimated amount of money (percentage) that a company feels the cost for the year will increase. These tend to be lower amounts of ...

Solution Summary

This solution discusses profit-sharing and lump-sum provisions.

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