This week I learned a lot about Profit Sharing. Profit Sharing is a percentage of the organization's profits and do not become part of the employees' salary. Organizations use Profit Sharing for a number of reasons: it encourages employees to think more like owners, it takes a broader view of what the employees need to do in order to make the organization more effective, and the employees are more likely to cooperate and less likely to focus on narrow self-interests.
Would you rather have 100 men working at 1% capacity or 1 man working at 100% capacity to receive a common goal?
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| Everybody wants in on profit shares if they are working hard and the company is making money. |
What's the difference between Profit Sharing and Stock Ownership? The importance of workers having an incentive to want to work for more. The theory of "selling" to someone, or having someone "buy-in" to an experience. What happens when a company is not making any profits? How often should you be open to your employees about the finances of a company?
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| The workers could be the main part of the success of a company. Shouldn't they be rewarded?? |
Is Profit Sharing the best way to incentivize or offer "ownership" to employees?
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