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<i>Dear Workforce</i> How Do We Handle The Fallout When Our Secret Profit-Sharing Plan Gets Exposed

February 12, 2004
Related Topics: Variable Pay, Dear Workforce
For the past year, our company has had a secret profit-sharing program that includes 30 to 40 percent of the employees. The program was kept secret by order of the company president. Recently, some of the employees not receiving the bonus learned of the program and are threatening to quit and go to work for some of our competitors. We would really like to keep most of our employees. How should we handle this? What are the potential pitfalls of having this kind of program, and what can we do at this point for damage control?
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