In the midst of the economic meltdown, the 30 employees of Legacy Design Build Remodeling in Scottsdale, Ariz., got their profit-sharing checks as scheduled at December’s holiday party.
The bosses—partners Mark Olson and Mike Daniel—had sent a memo to employees before Thanksgiving with the news that the checks might not come this year. So the Christmas gift was a surprise.
In fact, the partners have distributed $400,000 in profits over the past five years.
Last year, the organization increased its contribution to employee health premiums from 75% to 100%, a move that has allowed some employees to buy coverage for spouses and children because they are saving on their own premiums.
“This was born out of a philosophy that we have for our business and our team: That it’s important for us to foster a family relationship,” notes Olson.
Contact: Mark Olson at (480) 991-1993.
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