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.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/11112/home-remodeling-firm-redesigns-its-benefits "
- How to prevent employees from abusing PTO leave
- In tight times, be prepared to handle whistle-blower complaints
- HR Certification: Truly Helpful or a 'Feel Good' Thing?
- Employee relocation: 5 ways to help your company survive the housing slump
- Does Minnesota's smoking ban law include employees' use of 'e-cigarettes'?