The main underpinning of this book is employee democracy ( democrazy ?? :) ) in all areas of company management. The ensuing chaos may seem like a recipe for disaster but it is hard to argue with numbers - the Semco company is supposed to have grown from $35 million revenue to $212 million revenue in 6 years .... with virtually no employee turnover.
The conviction the author advocates is that of relinquishing control ... and inherently trusting the employees to behave like adults and not kids requiring supervision. He believes that peer control is effective for both reporting and auditing purposes.
- Company plans
- HR / Organization structure / Motivation
The author believes that an employee who puts himself first will be motivated to perform !! And that it is due to a non-alignment of corporate interests vs personal interests that too many companies end up spending too much time trying to motivate its folks.
- Attending meetings are optional
Say not one person turns up for a meeting to discuss a new type of product for the market it is a clear indication that the employees do not consider this important and perhaps this product is not required at all. Same logic extends to everything. Even the CEO is not immune to empty meetings towards any of his ideas ! :)
- Salaries
People can opt to work less ( phases in life - pregnancy, part time study etc ) and can move some of their work to other people interested in working and earning more. The people who work less thus choose a lower pay packet accordingly.
Individuals can take 3 yrs off for a sabbatical with some help from financial packages ( they should invest towards the same while working obviously ! :) ).
- No time constraints
People decide when they come and what they do and this extends even to assembly line workers. These groups decide amongst themselves when to come and hence are better able to monitor themselves and manage themselves ... it is no longer a management vs workers problem !
The author believes that forcing workers to work standard hours may mean losing employee potential on a daily basis. This kind of flexi-timings allows people to make family the first priority and schedule work around it. ( And in Brazil - schedule work around the football matches ! :) )
- Choosing their niche
- No information hoarding
The company books are opened to all employees and all unions. To ensure workers understand what exactly is happening - not only classes are provided - the budget is also presented in simplified format where relevant.
Sounds like Utopia ? :) Some of the things mentioned in the book are not new - 360 reviews, profit sharing plans but the underlying collective consensus approach is perhaps what makes the difference.
All in all - an easy and interesting read. And if executed ...... new vistas ...... :)))