IDAHO FALLS, Idaho--(BUSINESS WIRE)--Reaching a milestone at Melaleuca pays big dividends. In fact, for 265 employees who celebrated landmark anniversaries this year with Melaleuca, they received $2.9 million in loyalty and longevity bonuses at a recent employee meeting.
All full- and part-time employees, regardless of position or pay level, qualify for this loyalty and long-term contribution bonus simply based on the employee’s length of service. Melaleuca pays $5,000 for a five-year anniversary, $10,000 for 10 years, $15,000 for 15 years, $33,000 ($20,000 net) for 20 years, $25,000 for 25 years and $30,000 for 30 years.
This year, three Melaleuca employees earned $25,000 checks, 39 employees received $20,000 net checks and 24 employees picked up $15,000 checks. Melaleuca also presented $10,000 checks to 59 employees and $5,000 checks to 140 employees.
“It’s impressive to watch how many people are going the distance with us,” said Melaleuca CEO Frank VanderSloot. “We believe that employees who have helped us build this company should share in the wealth.”
At a special meeting for longevity bonus recipients held prior to the employee meeting, VanderSloot encouraged employees to make conscientious choices with the money they’d be receiving and plan for retirement.
“It’s our goal that all Melaleuca employees will retire as millionaires,” said VanderSloot. “Even the janitors will retire as millionaires if they simply follow our program.”
The company has created a program so every 30-year employee can have in excess of $1 million in the bank when they retire from Melaleuca. An employee would only need to take advantage of the company’s 401(k) matching program and invest, rather than spend, the longevity bonuses, and achieve a modest rate of return on that investment.
“Just take that money and invest it wisely and safely,” VanderSloot suggested. “The number one investing secret is to start now. You want that money to compound as often as it can. They say that those who understand interest earn it, and those who don’t understand it pay it.”
VanderSloot also urged employees to avoid using credit cards or relying heavily on debt.
Melaleuca pays its employees many types of incentives based on performance and productivity. In addition to the company’s loyalty and long-term contribution bonus, Melaleuca offers many benefits that can be found on the Melaleuca jobs website.
Melaleuca: The Wellness Company® enhances lives by developing, manufacturing and marketing more than 350 natural health and wellness products. These health, home cleaning, pharmaceutical and personal care products are designed to be safer and more cost-effective than grocery store brands. Visit melaleuca.com for more information.