Inspired by other employee share owned plan companies, Wogamott and Zink began offering profit sharing in the early 1990s. They set aside 10% of profits to provide as cash bonuses to employees, Siggins said. “They discovered it was motivating and created more of an ownership mindset among employees,” she said. “Employees began to more frequently think critically about the company and ask: ‘How can we do this better and do things more efficiently? How can we spend our money more wisely...
