Partners on the Payroll

Improve Your Company's Results; Improve the Lives of the People Who Produce Those Results

Description

Partners on the Payroll wonderfully illustrates the value of all employees acting as committed and engaged owners. —Dan Mortensen, President and CEO, Virginia Council on Economic Education, Former executive, Capital One

Most entrepreneurs and executives would like their employees to feel engaged in the business, to go the extra mile, to think and act like owners. But they aren’t sure how to create such an environment.

That’s where Partners on the Payroll comes in. In this short but powerful book, veteran business coach Bill Fotsch shows how any business can transform its employees into full-scale partners‍—people who understand the business and work together to improve its performance.

Fotsch, who has worked with more than four hundred companies over the years, begins with a simple argument: our free-enterprise society needs partnership to overcome the divisions that threaten it. He then takes the reader step-by-step through the process of creating a partnership company, illustrating his points with fascinating stories of businesses, both large and small, that have transformed themselves.

Readable and hard-hitting, this is the book for any owner or manager who wants to build not just a better business but a better world.

About the author(s)

Over the past twenty-five years, Bill Fotsch has helped more than four hundred companies boost employee engagement and increase profits. He has worked with industry majors, such as Southwest Airlines, BHP, Harley-Davidson, Roadway Express, Carlson Wagonlit Travel (now CWT), Scottish Hydro Electric, and Capital One. He has also coached many small-to-medium-sized privately owned businesses.

In the initial years of his career, Bill gained experience in management, marketing, and consulting at organizations such as Briggs & Stratton, Bain & Company, Case International, and Litton Industrial Automation. Later, as head coach at Great Game of Business, he spent over two decades applying the principles of economic engagement to help companies deliver results through a highly motivated staff. He founded Open-Book Coaching in 2012 to continue the work on his own.

 

Bill holds a bachelor of science in mechanical engineering from Marquette University and an MBA from Harvard Business School, where he graduated as a Baker Scholar. This is his first book.

 

John Case is an internationally known writer on management and employee ownership. He is author of the classic works Open-Book Management (Harper) and The Open-Book Experience: Lessons from Over 100 Companies Who Successfully Transformed Themselves (Addison-Wesley). He has written for Inc., Harvard Business Review, and many other magazines. He has collaborated on several other books, including the international bestseller Financial Intelligence, published by Harvard Business Review Press.

Articles written by Bill and John have appeared in Harvard Business Review, Inc., Forbes, and several other publications and websites.

Reviews

“We don’t have ‘hired hands’ any more. Bill has helped everyone at One Week Bath think like partners.”

“I love this book! It leads and teaches everything I believe in and have tried to do for the last 20-plus years. In that time we have grown from $7.5 million (which it took 20 years to get to) to over $125 million this year! I know it works and so does every one of my partners! Thanks, Bill!”

“I read it straight through. What incredible experiences Bill has had coaching companies to build extraordinary success! The feeling of coaching our team and witnessing employees transforming into business partners will stay with me for a long time. Having led a company this way it feels completely foreign to try any other way. Why would you keep employees in the dark? Why would you try to shoulder the burden of solving business problems all to yourself?” 

“The pandemic brought unique challenges to healthcare providers like us. Using this approach allowed us to make dramatic strides in profitability and overall patient care. But culture and employee engagement have always been important, too, and the approach reinforces important cultural aspects like economic engagement, transparency, and teamwork.” 

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