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should your wages be tied to the profitability of your company?
no matter where you work?
then use bonuses and promotions to tip the scale in whichever direction is appropriate of one's merit
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Re: should your wages be tied to the profitability of your company?
Hm, lets first do a trial balloon with govt employees only
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Local High School Star
Re: should your wages be tied to the profitability of your company?
Such if there's profit sharing, should there be "profit losing" too?
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NBA Legend and Hall of Famer
Re: should your wages be tied to the profitability of your company?
Only as the owner or have a direct link to the profits of the company. There are tons of jobs where you don't have direct link to the profits of the business. If you are an assistant and don't do anything but make your boss's job easier, but they screw up something that makes the business suffer, you should not be punished for their mistake.
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Re: should your wages be tied to the profitability of your company?
Only if you're in a really high decision making position. i.e CEO.
That greeter at Walmart? Not so much.
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~the original p.tiddy~
Re: should your wages be tied to the profitability of your company?
Maybe force companies to give out royalty bonuses each year...every employee gets 'x' amount of money based on what the company did that year.
Perhaps companies are forced to profit share say 25% of the companies profits, rest goes to the owners...no profit, no bonus for anyone, it's a great work incentive.
I know companies that do this, and have worked for some even, it's great, makes things much more exciting.
problems can come up from this though, but they can be fixed...like 'employee A' who has worked with the company for 30 years getting the same bonus as 'employee B' that just got hired.
OR maybe companies have a multitude of products...like Apple for example, lets say the iwatch fails horribly but the company still profits from the iphone. Do the employees that failed get to profit share with the employees that succeeded? And you might have some employees with their hands in the mix of both products.
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Local High School Star
Re: should your wages be tied to the profitability of your company?
Originally Posted by iamgine
Only if you're in a really high decision making position. i.e CEO.
That greeter at Walmart? Not so much.
WalMart used to have profit sharing, not sure if they still do. 5% of store profits. 2.5% went to the store manager, the other 2.5% was divided amongst all the other employees. Doesn't sound like a lot but I had an aunt who collected $1300 one year.
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Big Booty Hoes!!
Re: should your wages be tied to the profitability of your company?
Originally Posted by ~primetime~
Maybe force companies to give out royalty bonuses each year...every employee gets 'x' amount of money based on what the company did that year.
Perhaps companies are forced to profit share say 25% of the companies profits, rest goes to the owners...no profit, no bonus for anyone, it's a great work incentive.
I know companies that do this, and have worked for some even, it's great, makes things much more exciting.
problems can come up from this though, but they can be fixed...like 'employee A' who has worked with the company for 30 years getting the same bonus as 'employee B' that just got hired.
OR maybe companies have a multitude of products...like Apple for example, lets say the iwatch fails horribly but the company still profits from the iphone. Do the employees that failed get to profit share with the employees that succeeded? And you might have some employees with their hands in the mix of both products.
Or, here's a crazy idea......
Let the people who run their company decide how to run it.
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Re: should your wages be tied to the profitability of your company?
Originally Posted by NumberSix
Or, here's a crazy idea......
Let the people who run their company decide how to run it.
people who start companies are meatheads who know how to drive the expertise of the people around them. they're like bootcamp instructors or high school gym teachers.
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Down with GLOBALISM
Re: should your wages be tied to the profitability of your company?
In society, most people would not reach a "profitability" level IMO
People have families and society needs structure and the workers no matter how useless they are, need to be employed or there will be a number of other issues to deal with.
Unemployment creates crime, mental health issues, suicide etc etc
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Re: should your wages be tied to the profitability of your company?
Only if you are one of the heads of the company. If you are just an average joe clocking in to flip burgers for example why should it be your fault if the policy makers make bad choices that cost the company money. Jobs where people directly bring in sales usually work on a comissions basis so this is already kind of in place there.
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Re: should your wages be tied to the profitability of your company?
Unemployment creates crime, mental health issues, suicide etc etc
right on breh
if they aren't going to tax trillionaires and dump the money onto cities with planes, they should just pump it into a poorly run subsidized factory dozens of city blocks big where they make sweaters and organize files and whatever the fk you want done u go rent a small room at the subsidized government embassy just out of town and hire one of the gazillion people there to do what you need done... cheap rent, waive rent under certain circumstances, multi-purpose rooms, loads of equipment from govt oversupply, digital networking platforms for connecting wit whatchu need and begone worries the whole fgging world is employed and i got somebody to help me count the pennies in my life sized piggy bank
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NBA Legend
Re: should your wages be tied to the profitability of your company?
Nah, it would be untenable. It would basically be like everyone being paid in stocks and your income is a dividend payment. Do workers get to vote on every significant decision made in their department? Does the company as a whole vote on all corporate actions? Is pay tied to productivity so others can't free ride? I'm sure it been tried somewhere in history and didn't work well. Basically communism at the corporate level which would be kinda hilarious.
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3-time NBA All-Star
Re: should your wages be tied to the profitability of your company?
Maximum wage. No board member can make more than 20 times the lowest paid employee.
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Big Booty Hoes!!
Re: should your wages be tied to the profitability of your company?
Originally Posted by IGOTGAME
Maximum wage. No board member can make more than 20 times the lowest paid employee.
Of course. Dan Gilbert must not make more than 20x what a Cavs janitor makes.
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