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’ paidand pay only $10 per month for health benefits for the entire family.
The informalstructure 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 firstname.lastname@example.org.