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Acting as a powerful retention tool, this profit-sharing business model is highly motivational.
The numerous piece-rate and profit-sharing schemes did not work as planned.
The two founders retained ownership of the firm but distributed a high proportion of earnings to staff by way of profit-sharing schemes.
Aside from share option and profit-sharing schemes, employees with the best attendance records are awarded one of eight limited edition Ford Explorer vehicles as part of a twice-yearly global scheme.
They invest in scads of training, use worker-involvement schemes to keep productivity high, and motivate employees with profit-sharing and pay-for-performance bonuses.
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