Holiday celebration takes on a whole new meaning for the employees of a certain company this December. Some have already or are scheduled to receive a $100,000 holiday bonus from their generous employer HilCorp.
The Houston-based company currently holds the number 20 spot on the Forbes list “100 Best Companies to Work,” due in part to its generous bonus policy. There is a list of goals each employee must meet to be eligible for the bonus. The oil and gas distributor has a history of treating its employees very well. Founder and CEO of the company, Jeff Hildebrand, believes in creating a “we are all in this together culture” and reinforces this belief throughout his entire organization.
In 2011, every employee received a $50,000 voucher to purchase a new car or $30,000 cash, instead, which was prorated based on their hire date. HilCorp uses a management style described as “open book,” offering a rich bonus structure up to 33% of your yearly income, in a lump sum extra bonus to employees. Some jobs do pay off and very well in this case.
This type of rewarding culture has instilled a dedication and loyalty in the HilCorp workforce and giants such as Wal-Mart and the like may want to take note. With heated debates over wage increases and employees of large companies feeling the grind, HilCorp is setting an example of true appreciation. HilCorp’s website states, “Our greatest resource is our people” and they are not afraid to put their money where their mouth is.