Blasi, Freeman and Kruse | The Citizen's Share Flashcards
Unique and noteworthy about Google
Profit sharing is based on individual performance, workers are paid in stock option and grants of stock
Unique and noteworthy about Proctor and Gamble
Long history of utilizing profit sharing, workers paid mainly with profit sharing and dividends
Unique and noteworthy about Southwest Airlines
Cash profit sharing for all employees, every employee owns shares of stock, 401(k) is separate pension plan, very team based organization
In what ways do employees participate in decision making at Southwest Airlines
Team based so they can make/offer decisions
When new employees are being selected for Southwest Airlines, what does the company look for?
Relationship competency because at necessary to work well with coworkers and serve customers
What does Southwest Airlines teach in its educational program?
Helps workers develop a strong working team-based relationship, problem solving and manage their performance within their teams
Profit Sharing
Some or all of the workers cashpay depends on company profits
Gain Sharing
A firm agrees to make a cash payment to working in a particular department or division when they meet some company-determined target
Employee Stock Ownership
Workers own shares of stock
Stock Option
The right to purchase stock at a given price in the future
What percentage of private sector wage and salary worker have some form of share in the firm they work for?
47%
What does the biggest part of these “citizens shares” consist of?
Profit sharing or gain sharing
