Deep Dive into Profit-Sharing Plans: Phantom Stock
Phantom stock is a type of profit-sharing plan, which means that employees can enjoy the benefits of contributing to the financial success of their employer. Profit-sharing plans are mainly used by companies to incentivize employee performance by rewarding select employees or all staff members. Phantom stock, in particular, is usually part of a benefits package offered to those working in upper-level management. With that said, if you’re looking to achieve financial objectives and growth through your workforce, here is are some helpful information about this profit-sharing plan and whether it might be the right fit for your company.
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