Melaleuca, a direct marketing company in Idaho Falls that sells household products and health supplements, says it distributed $2.9 million in longevity bonuses to 265 employees who had anniversaries with the company last year.
CEO Frank VanderSloot credits employee loyalty for much of the company's success. It's impressive to watch how many people are going the distance with us, VanderSloot says. We believe that employees who have helped us build this company should share in the wealth.
The program rewards employees who have worked five, 10, 15, 20 and 25 years. All full- and part-time employees qualify. 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 checks and 24 employees picked up $15,000 checks. Fifty-nine employees received $10,000 checks and 140 received $5,000 checks.
Ronnette Gifford, of Ammon, a senior manager in human resources, received a $20,000 check. It meant a lot to me, she says.
Gifford started as a part-time customer service associate while going to college.
The company created a program so all 30-year employees can have in excess of $1 million in the bank when they retire from Melaleuca. To reach that goal, the company says, an employee must participate in the companys 401(k) matching program and invest the bonuses and achieve a modest rate of return on that investment.