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Profit sharing and ‘No walls’ management boost job referrals

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in Hiring,Human Resources,Leaders & Managers,Management Training,Maternity Leave Laws

About 70% of all hires at Findley, Ohio-based hiring firm Right Thing come highly recommended by the organization’s own employees.

What gets employees talking to their friends about joining the firm? It’s the company’s laid-back atmosphere—with no formal managers or departments—and an employee profit-sharing plan that involves half the company profits.

Sharing in the organization’s profits increases employee loyalty, says CEO Terry Terhark. The firm has had less than 1% turnover since the plan began in 2003, and the 325-person staff is growing. Terhark expects to employ 550 by year-end.

Employees also enjoy 12 weeks’ paid maternity leave and pay only $10 per month for health benefits for the entire family.

The informal management structure allows employees to make quick decisions for clients, says Terhark, who reports he receives record-high ratings from his customers because of the culture change.

Contact: Terry Terhark at terry.terhark@rightthinginc.com

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