ADMS 3490 Lecture Notes - Lecture 6: Profit Sharing, Expectancy Theory, Investment

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If pay is structured properly, it can help you win. An organization pay system is important; in terms of society, what"s (cid:1) (cid:1) fair and right? (cid:1) (cid:1) (cid:1) Example: windsor factory supply; it imports factory parts and sells (cid:1) them to factories which need it, started from windsor then all across north. Even though it was a successful family business, they had a paternalistic view for them employees (concerned for employees). They asked employees to buy out company, it became an employee owned company. They would have quarterly meetings and ask employee on their views to help influence the companies decisions. They had a profit sharing plan; take a cut from the profits earned by the company and the rest would be reinvested. The cut per employee would depend on experience, time worked etc. They preferred to put it in a differed profit sharing account which would help grow its pay more. (cid:1)

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