Give the yearly profit to your employees

Åke Persson the owner of Montior has decided that for the next eight years he will split the company profit among his 80 employees. Persson says to the Swedish newspaper Aftonbladet “I’m already a multimillionaire why should my employees be it as well? After all, some of them are smarter than I.”

The profit is looking to be around 500 million SEK (Around 13 million dollars), but it could turn in to more according to Persson. How the spit among the employees are made is set by the number of hours they work and how much their colleagues like them.

The process of whom gets what: The 80 employees will grade one another from 1-5 and the grade will be multiplied with the amount for hours worked by that person. Persson guess that each employee will get among 150 000 and 600 000 SEK (20.000 to 80.000 USD) during the first year.

We can only assume that Åke Person will have a large amount of job applications on his desk on Monday and why should it not be? Who would not want to have a boss like that?

Do you know a similar story? Would you consider sharing the profits with your employees? Do you believe that this will work?

Personally I think that the idea, and the concept is great, the only concern I have is that it will change the atmosphere at the office. However if the employees manage to handle this in a good way and Persson can help them keep a good atmosphere in the office, I think this is great, it definitely puts adds to being a real team.

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