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Thomas C. McGrath

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Background Information

Employment History



President and Gainsharing Consultant



Bachelor of Science

Operations Management

Pennsylvania State University

Master of Business Administration

Operations Management

Youngstown State University

Web References (4 Total References)

Gainsharing a way to help promote employee performance - Local News - [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 [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 [cached]


Districts - VolunteerNet - Speakers Bureau - Management [cached]

Tom McGrathPresidentW. M. Jackson & Co., Inc.Phone: (765)664-2656

Precision Metalforming Association, 6363 Oak Tree Blvd., Independence, Ohio 44131-2500Phone: 216-901-8800 ---- Fax: 216-901-9190 ---- Send e-mailĀ© copyright 2002 Precision Metalforming Association All Rights Reserved Legal Page

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