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In the small-business world, profit sharing is the new black. But one company, software training firm Agile Learning Labs, has taken it to the extreme.
Agile’s six-member team is paid the same share of the company’s profits, regardless of title or role. Apparently, there are big advantages. First, since it impacts them directly and equally, all team members are constantly looking out for the bottom line. Everyone wants to do what they can to support the sales director, because it’s the customers who are paying for dinner that night. “Even those of us who would normally have no customer contact are more aware of our clients and their needs,” says Agile co-founder Chris Sims. “This helps the business.”