Wiremold

When Is The Best Time To Implement Profit Sharing?

CFO profit sharing.png

Great article by CFO Orry Fiume who administered Wiremold’s plan for his entire tenure learning the following 10 elements of a successful profit-sharing plan.

He found that any plans violating these principles run the risk of them becoming entitlement programs at best, or at the worst, de-motivators that generate the opposite effects that they are designed for.

Read here: https://www.lean.org/LeanPost/Posting.cfm?LeanPostId=1165