Workers at Stage 2 Planning Partners were close to revolting when the company switched from an individual bonus plan to a group one, co-founder Josh Patrick writes. Their dissatisfaction abated when the company began sharing its financial information and establishing "hurdle rates" that needed to be reached for everyone to get a bonus. "I found that when we shared information widely, no one abused the privilege. Most of our people became interested in learning more," Patrick writes.
How to avoid a mutiny when changing your bonus system