Here's how ...
While maintaining current employee salary structure, give all employees performance-based payments on a quarterly basis which is paid in the form of common stock (some of those shares the company bought back). They should be paid a predetermined number of shares, not value of shares. Therefore, if the company does well and the value of the shares goes higher during each quarter, the net effect is that the shares are worth more and all employees share in that increase in value.
It's a form of stock option thingy for all employees, not just management, and the company pays for it (just as they often do for management). When paid that way, employees really are part of the company, and one should expect them to feel that way, and hopefully work that way.