Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-01-31
From Other Viewpoints
The lest Profit-SharinE r1an.
nf GEORGE W. PERKINS,

hs pr or and Pn
in cash every year cannoi last Ionr Jnem
pron,- sharing plans have divided profits with
money to tile employees eve. So oft enc
reesS ssP 800 80 Il me end es az s
Utica 2 bs fr ea" 81 nsoPnsy
10 sl'.oo basis and began TO look upon his
extra 5000 did little to increase his activity
ana e'c'encE' or TO promote his n,oiectnaI
Thcn' # period came when business was
he found u @h tho e d%ne Es' 'G s S 400
ana beam ne: Er"nchy and Inclined lose in
for his living expenses. he probably invested
:, IN suburban lot or in some stocE that was
knew li;t!o o. nothing about. 10
J., The II his Investment, began to so wrong.
whc he being paid to devote 70 ' he Ju aine
worryns a sben ks nSs9 ss n
ne ne business in which he was not engaged
business in witch he was et ensareS Ss n the
10 10 sec his nyestnent succeed and bring him
ma would be OF some practical benefit, not
Looking a, it from the vicwpo!n, OF ca2i.a,.
o ,hc Of IToh;sharing Is added in;erss. IN
in n' turn nIs' hrs on s part OF employees whea
1%%Kas At II Tom the sandpoin; % the
fa!rrr enumeration for services randered. % a
-, rhSreforS any nroh,. sharing plan that fails
these
In establishing prodt-sharns i, is of IN.
non the wage and salary Gamers, know, in adj
nants cha'ty what they expected TO 4c-
The annual statement Of the concern should
IN IN i tbe na eTns,t SO ia every man engaged
va done en- IN The preceding year. and VIVA;
This nxes minimum goal for the COMING Us5
w mi ayeryons: advduay and e"iee,ve eI;
by a. LARGE an amour, possible
nan Of wofEns soeiy for h hs GaGh
his ""n department.. Will pass on - other
might help ,hnt other dcpar,men,. ana p'm IN t hat
w1y hc"tnt ~ organization as a whole
wrong hs raspet 1nsH as srn raq pfo,
ne hhsi Of ms r IN some way other than
y detailed annual rcpor, by The company ia
n%, on1o %eae h to sh"w me
~ and what ihev amounted to- hut .uualIy
were arrived at whaa they nounIcd d"I .'s :nG
WY there arc no profits to distribute Grad
part @rs in the 'h bus Gnsanz ahs;p he be-
Thsy begin 70 link k a aaG's s neal of tho b
ness as their business. they work for il as
,Ss else else; and in The place OF fnockins /.
through being security holders and arc re-"
@ aod IhSF th 1mtsn%at or dividends tho
holders receive theirs This method of prom,
sharing is real; it is genuine. The oreaniza-
has definite goal for the ycars work
They know at tho beginning Of tho wear how
much moncy must be earned TO cover what wo
VIII call n%cd charges. They know that tbc,
being paid salaries TO earn those GxcI
charges. They know that they share in ali
tho profits over and above those fixed cbarrca.
and they know the basis which they share
and thai the amount they share of such profts
largely depends on the individual and coIlcc-
tive effort OF each individual in the orsa MIA
ton.
This in itself IS of great practical value TO
the business from dollar and-ccnt stand
point Therc rs no phiian:hrophy about it,
The employees have certain definite goal
TO reach. ~ thcS reach it they paid u
definite percentage for doing so II is n def :
mite business proposition. based the prin-
ciplc Of profit sharing practiccd in pa nor :
ships Having reached tho goal set: the money
over and above tho salaries they arc paid-ln
other words, their rroiits-arc invested in the
S %hnS cr wGn tnoy are engassa ana
crsy should be centered.-CopyriEht, 1920.