In my last post, I outlined the basics of Brazil profit-sharing plans — known as “PLRs” — including how they can benefit both employers and employees. In this post, I’ll provide information on some other important — and often overlooked or misunderstood — facts about PLRs, such as, using third-party experts to draft PLRs and circumstances where PLRs are required.
Employers operating in Brazil should seriously consider a profit sharing plan, or “PLR,” when designing their compensation plans. Unlike many employer obligations, this one can benefit both employers and employees alike if it is structured properly from the start. This post takes a look at the basics of Brazil’s profit sharing plans, including a list of steps to complete when developing a PLR.