>>There's a catch: if the company as a whole doesn't meet a certain profit goal then no teams receive raises or bonuses.
No this will be a disaster, Expect severe attrition in such a company. No one wants to work and then not get paid, just because you missed the mark by a meager x%.
>>It seems like this structure encourages teammates to cooperate with each other in the "we all succeed or fail together" theme
Read this as, we all succeed or go and work elsewhere.
To be clear employees are still paid their salaries when the company doesn't meet its quota or mark. Just the bonuses and raises are held back. Either way I think you're right about high attrition rates.
No this will be a disaster, Expect severe attrition in such a company. No one wants to work and then not get paid, just because you missed the mark by a meager x%.
>>It seems like this structure encourages teammates to cooperate with each other in the "we all succeed or fail together" theme
Read this as, we all succeed or go and work elsewhere.