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Do you think that this successful bonus strategy would work if it was done as profit-sharing rather than bonus? I guess it is kind of the same thing, but there
by dhimes 10y ago
Do you think that this successful bonus strategy would work if it was done as profit-sharing rather than bonus? I guess it is kind of the same thing, but there might be subtle differences. I don't know much about this area but I was always impressed by Balsmiq's profit-sharing ideas.
- fian 10y agoIn some sense it is a profit sharing strategy. The owners will still have strategic spending goals for profits (growth, R&D, acquisition etc). Also, depending on how long the company has been around, the owners may also have to pay down debts taken out to start/grow the company. That must be balanced against ensuring employees are adequately compensated vs the local market expectations.