Sharing Profit

We recently read a news article where a CEO was complaining that her profit-sharing program wasn't working in motivating her employees. On the contrary, it was creating a sense of entitlement and when they didn't receive the amount they thought was owed to them, they were discontent and resentful. This CEO also felt unappreciated because she alone shouldered the losses of the business, something her employees couldn't understand.

An alternative to profit sharing is to spread the profit around in the form of raises and better benefits. Over the years, as Bridgeview has grown, our team members have reaped the benefits of their hard work. We have a program of growth, where team members that really put in the effort to learn their job get rewarded with a promotion and a raise. We have so many opportunities for growth in our company and what a team member earns is really determined by how much work they're willing to put in. We don't give out raises just once a year. 

Do you use profit sharing to motivate your team?

Below:
Ben and Peter (left) work together to build a long assembly. Ben started working at Bridgeview a year ago and went from working only 6 hours a week to now working full-time. Seth (right) started out on our production floor as an assembler. and, almost two years later, he helps to run our inspection department.