CORRECTION: An early posting of this blog, using information gathered in interviews, misreported Graco healthcare spending. Those figures are corrected here.
At Graco, a Minnesota-based manufacturer founded in 1926 that employs about 2,600 workers, its outcomes-based incentive program works. Why? Because at Graco, senior leaders “walk the walk” not just “talk the talk.”
Graco is a publicly-held company, listed on the New York Stock Exchange, that manufactures pump and spray equipment for fluid handling in the construction, manufacturing, processing, and maintenance industries. Pat McHale, the company’s CEO, worked his way up the corporate ladder, starting on the factory floor as a parts assembler. Because of his long tenure with the company, he possesses what is referred to as “street cred” among workers who view him as one of their own....Read More