Now, executives from some of the biggest and best-known companies in the world, including IBM, General Motors, Ford, Kodak, Bayer, Nestle, Goodyear, Firestone, Pirelli, and Alcoa, have been studying Semco's revolutionary way of doing business. Semler has assembled an outstanding management team. But, more importantly, the workers run the company. The corporate staff has been reduced by more than 75 percent. The corporation has reduced its layers of management from twelve to three.
Workers evaluate, hire and fire their fellow workers.
Workers evaluate the performance of their bosses. Workers set their own production quotas. Workers set their own wages. Workers decide how to divide the profit-sharing bonus money. Workers have unlimited access to the corporate records, and are taught to read financial reports.