I want to share a very positive news that i heard from India. India celebrates its festival of lights (Diwali or Deepavali) today & tomorrow. Many employers give their employees holiday bonuses.
Savjhibhai Dholakia is a school dropout and runs a very successful diamond polishing business. He started in the mid 1980s and had a turnover of $400,000 (Rs 1 Crore) in 1991. Today his business is over $1 billion (Rs 6,000 crores) employing 6,000 employees in Western India where they polish uncut diamonds to finished products and export globally.
For Diwali, his company evaluated ALL employees - from Managers to office assistants and sweepers and based on their evaluation - they narrowed down the list of 1200 people who delivered performance beyond their call of duty and he is giving them EACH Rs 400,000 ($67,000) and offered them choice on what they want to buy
491 employees chose a car. The company negotiated with Fiat and got discounts on a bulk purchase
207 employees used it against their home purchase/loan
The rest - about 500 chose to buy gold
Total payout - $10M. Taxes on the bonus to the tune of $2M will also be paid by the company.
Nice to hear an entrepreneur talk & act this way ...
Come below the jump to hear some quotes from this 'uneducated' entrepreneur ...
From NDTV
This is god's blessing that I have come this far from zero. I had nothing.This is god's gift.
I have experienced this in my life that I will not have less if I give
Our employees are responsible for this growth
The employees who I gave gifts to - I did their kind of work in Surat for 10 years with my brothers.
We have a gym, a steam-sauna facility. We have other sports facilities like the managers and workers play volleyball together
I have workers from 21 states in India and 361 villages. Everyone's parents know me because I take them on pilgrimages to Haridwar. We're indebted to their parents too
I'm in what is called 'social business'
I am a businessmen (sic). I want more therefore I'm paying more. I'm not doing anyone a favour