Profit-sharing Agreements
Profit-sharing agreements are contracts between airlines and their employees that provide a percentage of the company's profits to be distributed among the employees. These agreements are designed to incentivize employees to work harder and more efficiently, as their efforts directly impact the company's bottom line. Profit-sharing agreements can be structured in a variety of ways, with some providing a set percentage of profits to all employees, while others may provide larger payouts to higher-level employees. These agreements are common in the aviation industry, where airlines often operate on thin profit margins and rely heavily on the performance of their employees to remain competitive.
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