KRISTEN'S STORY - WINNER
THIS BOSS IS AMAZING! HE GAVE HIS EMPLOYEES $4 MILLION IN CHRISTMAS BONUSES!
A business owner in Michigan, is giving nearly $4 million to his full-time employees as a Christmas bonus.
The gift is based on longevity of service and will be shared as a cash bonus and a special gift to the employees' 401(k) retirement accounts.
Top gifts to the most-tenured employees will be more than $60,000.
“I believe strongly in giving back to the community by supporting initiatives that make Ludington a wonderful place to live, work and raise a family,” the business owner said. “A few years ago, I began thinking that I would like to do something more targeted for our employees, who really are the heart and soul of FloraCraft."
The family-owned company manufactures foam products for crafts and floral projects, which are supplied to Walmart, Amazon, Michael’s, Hobby Lobby, Joann and other retailers in 17 countries.
“This idea has developed over the past year and is my way of saying ‘Thank you’ to our team for the role they have had in our success," Schoenherr said.
The gifts will be made over two calendar years to comply with federal laws governing employer retirement contributions. The second cash bonus and bonus 401(k) retirement gift will be given to workers by the end of March 2020.
JD'S STORY (IN FOR JASON) -
TOO MUCH CREDIT CARD DEBT MAKES YOU UNDATEABLE
According to a new survey, 77 of people consider credit card debt unattractive -- and actually a reason to not pursue a relationship.
That’s right. Having too much credit card debt makes you undateable.
On average, people say $11,525 in credit card debt is too much. Once you get to that level of debt, people are swiping left or walking away.