MAY 1990

Most CEOs appreciate the management value of personally handing out the paychecks. "It's a symbolic act to make sure everybody understands that their work is important," says Thomas Melohn, president of North American Tool & Die Inc., a $20-million company based in San Leandro, Calif. But Melohn goes even further.

About two or three times a year, at a monthly companywide meeting, he asks employees to hand out one another's paychecks. Soon, says Melohn, "the place starts to look like a church social," with some employees meeting for the first time as they hand out pay.

"It reinforces that we're in it together, we're family, and there are no walls," he says.