The Greeneville daily sun. (Greeneville, Tenn.) 1918-1920, 1919-10-07

Lei us summarize some or the 40
vantages of this method Of profit Ihar-
ing:
First-It is real, It Is genuine. The
organization as a whole, and each in
dividual in it, has a definite goal for
the years work They know at the
beginning Of year how much money
must he earned to cover what we will
and fixed charges; they know that
they are being pair salaries to earn
those fixed charges; they know that
they share in all the profits over and
above those fixed charges and they
know the basis on which they share,
and that the amount OF such profits
largely depends on the individual and
collective effort OF each individual In
the organization. This in itself Is Of
great practical value to the business
from a dollar-and-cent standpoint.
Second--Having reached the goal
set, the money over and above the sal
aries they are paid-in other words
their profits-are invested in the bust
ness in which they are engaged and
on which theiS whole time and thought
and energy should be centered.
Profit sharing on the basis | favor
is sometimes objected to by men or
concerns who do not wish to let even
their own employees know how little
or how much money they are making
each year II they are not making
enough money and the business Is run
ming on close margin each year,
then by all means they should set
their situation before their men,
adopt such a profit-sharing plan as
have outlined, and get the genuine CO.
operati0n Of every man towards In
creaSing the profits and putting the
business in a prosperous condition.
The man who is running on small
margin and making little profit may
object to making his business affairs
public property, on the ground that he
would be putting a weapon in the hands
Of his competitors Such mans best
protection against his competitors Is
loyal, closely knit organization of the
highest efficiency, and this important
advantage he can only secure through
a bona ftdp profitsharing plan,
As for the man who is making so
much money that he is afraid to let even
his own employees know how much
he is making, 10 that man | say that
he is man who, more than any other,
Is responsible for the serious differ
ences today existing between capital
and labor for with the growing intel
Hgencp of the masses, how can he eX-
pect such a situation to continue?
As for the man who Is making large
profits but who objects to profit sharing
on the ground that he wants TO put
those profits away against the day
when business may be poor, to such a
man, ! say that he had better use
some of those profits to more deeply in
terest his men in his business, and do
this to such an extent that If the dark
days come he can he pretty certain
that his men will stand by the bust
ness in a way that capital alone never
can.
Profit sharing on the basis / favor is
also sometimes objected to by concerns
whose securities are closely held There
are many ways to obviate this difficulty.
Some concerns can increase their capital
Others that cannot or that cannot do so
for a time, can obyiate the difficulty by
issuing certificates Of participation that
will draw the same percentage Of profit
AS the regular securities Of the business
In other words, where there is n genuine
desire to share profits q way can always
ss found. ....