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This profile was last updated on 9/10/09  and contains information from public web pages and contributions from the ZoomInfo community.

Thomas C. McGrath

Wrong Thomas C. McGrath?
 
Background

Employment History

Education

  • Bachelor of Science , Operations Management
    Pennsylvania State University
  • Master of Business Administration , Operations Management
    Youngstown State University
Web References
Gainsharing a way to help promote employee performance - Local News - Chronicle-Tribune.com
www.chronicle-tribune.com, 28 Oct 2001 [cached]
Under more traditional management plans , employers view workers as costs , said Thomas C. McGrath , president of W.M. Jackson & Co..Also , employees often are skeptical of a plan that will put extra money into their pockets.
If it's good for me , it should be good for the company , but human nature doesn't believe that , he said.If it's good for the company , then it's good for the big wigs..
Gainsharing gives employees an incentive to be more productive , while at the same time , the company increases the value of its products , McGrath said.
The emphasis of the program , however , is on improving the quality of goods , not producing more goods , he added.
To date , more than 1 , 000 companies have subscribed to W.M. Jackson & Co.'s gainsharing program , said McGrath , who prefers to work with companies with 100 to 250 employees instead of large Fortune 500 firms.
Large corporations , he said , tend to believe they can devise a plan internally and think they don't need the help.
McGrath said his staff of five usually spends 18 months with a client , charging between $20 , 000 and $80 , 000 for its consulting services.The process involves the client providing W.M. Jackson & Co. with a financial report of its performance for the past five years.Consultants then design a gainsharing plan that outlines specific steps the company and employees can take to improve performance.The plan is shared with management and employees and then implemented.
Once a company institutes a gainsharing plan , W.M. Jackson & Co. receives a portion of the increased profits the company gets from instituting the program , McGrath said.
I'm trying to give management a tool to communicate to employees what they want , he said.It has to be a tool that a company is committed to.If they're not committed , then it's not going to be successful..
Who We Are
www.wmjackson.com, 17 Mar 2001 [cached]
Thomas C. McGrath , President and Gainsharing Consultant.Tom joined W.M. Jackson & Co. in 1980 and brought with him expertise in the fields of financial planning , analyzing , administration , management and consulting.He holds a Master of Business Administration from Youngstown State University and a Bachelor of Science in Operations Management from Pennsylvania State University.Contact Thomas C. McGrath
Districts - VolunteerNet - Speakers Bureau - Management
www.pma.org, 4 Oct 2001 [cached]
Tom McGrathPresidentW. M. Jackson & Co., Inc.Phone: (765)664-2656 tmcgrath@wmjackson.com
Precision Metalforming Association, 6363 Oak Tree Blvd., Independence, Ohio 44131-2500Phone: 216-901-8800 ---- Fax: 216-901-9190 ---- Send e-mail© copyright 2002 Precision Metalforming Association All Rights Reserved Legal Page
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