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Last Update

2009-09-10T00:00:00.000Z

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Background Information

Employment History

President
W M JACKSON AND CO INC

President and Gainsharing Consultant
W M JACKSON AND CO INC

Education

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 - Chronicle-Tribune.com

www.chronicle-tribune.com [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 [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.metalforming.com [cached]

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Districts - VolunteerNet - Speakers Bureau - Management

www.pma.org [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-mailĀ© copyright 2002 Precision Metalforming Association All Rights Reserved Legal Page

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