Profit sharing and ‘No walls’ management boost job referrals — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Profit sharing and ‘No walls’ management boost job referrals

Get PDF file

by on
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

Leave a Comment

Previous post:

Next post: