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1. Family owned Wegmans has been listed in the Best places to Work for many years what philosophy do they use for their young grocery store workers?
2. To increase retention in 1950 when Bob Wegman bought the business, how did he address the retention problem? In 2007 when the recession caused many large employers to layoff employees how did Wegmans react?
3. When Wegmans gave safety gloves to workers, they resisted them How did Wegmans respond
A. Read the Striking for Benefits case and answer questions 11-17,11-18,11-19.
B. Watch the video and answer the following related questions:
Video: https://www.youtube.com/watch?v=TmLLyKIukSI
1. In a recent year, in accordance with a collective bargaining agreement (union contract)Ford Motor Company paid 56,000 workers an average of $9,000 each in profit sharing. According to its CEO, Thrive Farmers Coffee also has a profit-sharing plan that has been successful. What do the two have in common? Differences?
2. By what measure has the Thrive plan been successful?
3. In the 1950s, Ford, GM, Chrysler CEOs called the UAW idea of employee profit-sharing socialism and rejected it. Do YOU think profit sharing is socialistic? Why or why not?