You work in healthcare because you care.
You’re passionate about providing the best possible outcomes for your patients, day in and day out.
But before you can be fully committed to caring for others, you need to take care of yourself and your family – and this extends to your financial, as well as physical and mental well-being. So, as you seek your next career opportunity, consider an organization that offers profit sharing as part of its benefits package.
How It Works
Profit sharing involves setting aside a percentage of a company’s earnings and allocating these funds among participating employees, in addition to their regular compensation and other benefits. In essence, it gives them a “share” of the profits they’ve helped to generate through their work.
The Benefits
As it more directly ties your income to company success, profit sharing incentivizes you to work harder toward shared business goals and objectives. It also offers:
• Extra income potential: When your company makes a profit, a portion of it goes directly to you as additional income. This helps boost your retirement and other savings goals.
• Enhanced motivation: Knowing that your individual efforts are contributing to the bottom line is a natural engagement and motivation enhancer. And if you work for an employment co-op, this further contributes to your standing as a company member-owner, as your personal interests align with company success.
While it is also a great retirement savings tool, profit sharing differs from 401(k) plans in that all contributions come from employers, who also manage investments. If you are in a healthcare co-op, your member-owner status gives you a hand in this aspect.
With profit sharing:
• Plan assets are held in trust to ensure they are used solely to benefit participants.
• Disclosure documents keep participants informed about how plans are operating, as well as any changes in plan structure or operations, so they can take timely actions on their accounts. This includes comprehensive summary plan descriptions.
AlliedUP Co-Operative, Inc., delivers trusted, professional representation to healthcare professionals throughout California and beyond, matching them with top facilities nationwide. We understand the healthcare field, have robust networks, and never fail to follow through to support your individual career goals. Along with profit sharing, what sets us apart is our end-to-end candidate representation and full-service healthcare staffing experts – along with our commitment to diversity, equity, and inclusion.
Contact us today to learn more, or send us your application to get started.
