Porsche gives all employees close to $14,000 in bonus

Porsche gives all employees close to $14,000 in bonus
PHOTO: Reuters

In the United States, working full-time does not always mean earning even just a living wage. But in Germany, things are pretty different.

And there, Porsche is providing a whole new level of comfortably paid employment - every single one of the company's 21,000 employees is set to receive a massive €9,111 (S$13,700) bonus, as The Drive reports.

Why? The luxury carmaker reached record sales last year - US$24 billion (S$33.60 billion) in revenue, marking a 4 per cent increase, according to a statement.

So rather than piling all that extra money at that top of the corporate totem pole, Porsche decided to reward its thousands of workers.

The exact amount of each bonus is €9,111, a reference to the Porsche 911. That extra paycheck will be paid to everyone - factory workers, janitors, senior staff, engineers, cafeteria workers, and so forth.

Talk about #careergoals. That sort of generosity would be nice to find in the well-endowed corporations of America.

"For Porsche, 2016 was an eventful, emotional and, above all, highly successful year," Oliver Blume, chairman of the executive board of Porsche AG, said in a statement.

"The expertise and passion of our staff forms the basis of a successful future for Porsche."

Read also: Boss of Evolve MMA spends $500,000 on Maldives vacation for employees

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Of course, the company itself isn't the only one to thank for such a generous offering. Labor policies in Germany are remarkably different from those in the US.

These days, Germany has stronger unions and labour representation at the highest levels of power in large companies.

Groups called "works councils" offer employees the opportunity to take part in their company's top decision-making.

This happens through a labour representative that they elect.

And that's a system that simply doesn't exist in the US, where executives make labour policy decisions behind closed doors.

Read the full article here.

Read also: Indian boss gives 1,260 cars, 400 flats and jewellery as Deepavali bonus to staff


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