The Income Reengineering Vision states:
Eliminate paycheck to paycheck dependence on a large scale and shift employee thinking and focus away from just “earning a paycheck” to running their own business under the roof of employers with the support of employers. The resulting workplace compensation model is called the Empowered Employee Compensation Model or EECM (illustrated above). The EECM replaces hourly wages and salaries with ten (10) new income resources and benefits with the potential to usher in a 3-fold increase in the aggregate standard of living for both employees and employers
Here are the key benefits of this workplace compensation model:
- Productivity based compensation, ownership equity and residual income equity benefits will be the primary workplace resource;
- Workers run their own business while on the job in collaboration with employers;
- Hourly wages and salaries are replaced with 10 new income resources and benefits;
- People get funds to paydown bills, build-up savings and generally build a financial foundation leading away from paycheck to paycheck dependence before working full time under this compensation model.
You can learn more about the specifics of this new model here. But, if we can pull it off, it will mean a 3 fold increase in the income and standard of living for the average worker and lead to a potentially historic evolution in the mainstream workplace over time.