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Article: Expanding horizons: employee training, monthly profit-sharing helps welding-gas supplier grow. (ABCO Welding & Industrial Supply Inc)
- Article from:
- Industrial Distribution
- Article date:
- February 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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To continue growing as an independent welding supplies and specialty gas distributor, Kent Lacey and his managers devised several business plans including a profit-sharing incentive in 1995 for employees who boosted the bottom line. In exchange for cutting costs and bringing in new customers for the Waterford, Conn.-based firm, all 58 employees at ABCO Welding & Industrial Supply, Inc. began receiving monthly bonuses.
The results have been extra cash for employees during each of the first 24 months and higher profits for the company, which has doubled its sales in the past six years. Employees are serving up new ideas from purchasing delivery trucks to ...
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Article: New England: State of mind or going concern?
Connection, New England's Journal of Higher Education;
October 1, 1998 ;
700+ words
... ... Greater Boston, where I direct a New England Public Policy Collaborative (NEPPC ... So you might say the state of New England is just "a state of mind." But my gut tells me the state of New England should be a going concern. The ...
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