Real estate company surprises employees with huge bonuses during party

Real estate company surprises employees with huge bonuses during party

- A real estate company headquartered in Maryland dropped big gifts for all 198 of its employees

- The staff from the company's eight branches will share R160 million in bonuses

- The owner of the company said the average employee would receive R740 000 based solely on years of service

- The smallest amount of R1 400 was for an employee who had only just been hired and had not even started working

- The largest bonus was R3.9 million with the money given to celebrate reaching the goal of developing 20 million square feet of office space

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Nothing excites the heart like receiving an early Christmas gift, especially when it is in monetary terms.

Well, that was the feeling for employees when a Maryland real estate company handed out envelopes to them during the annual end of year party on Saturday, 7 December.

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Real estate company surprises employees with KSh 1.1 billion in bonuses during holiday party

The smallest amount of KSh 10,155 was for an employee who was just hired and had not even started at the company yet. Photo: CNN.
Source: UGC

In a statement released on Monday, December 9, St John Properties said the average employee would receive R740 000 based solely on years of service.

The smallest amount of R1 400 was for an employee who had only just been hired and had not even started work at the company, while the largest bonus was R3.9 million.

"When I opened the envelope, I was in total disbelief," Stephanie Ridgway, an assistant project manager at the company said.
Real estate company surprises employees with KSh 1.1 billion in bonuses during holiday party

The firm's president said the company decided to thank all the employees for helping it achieve its goal. Photo: CNN.
Source: UGC

"I could not believe what I saw. I do not even have words to properly describe how I felt, it was just amazing and incredible. I'm still in shock. It's definitely life changing," she added.

The firm's president, Lawrence Maykrantz, said the company had reached a major goal of developing 20 million square feet in real estate, doubling the amount in 14 years.

He noted the company decided to thank all the employees for helping it achieve its goal.

Real estate company surprises employees with KSh 1.1 billion in bonuses during holiday party

St. John Properties said the average employee will receive KSh 5.1 million based solely on years of service. Photo: CNN
Source: UGC

“To celebrate the achievement of our goal, we wanted to reward our employees in a big way that would make a significant impact on their lives,” he said.

A video of the announcement shared on the web shows employees holding red envelopes, opening them up to learn their share of the bonus.

Some employees cried in response to the bonus they received, noting it was life-changing.

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For the first time in company history, St John Properties, which has eight different branches, flew in all their out-of-state employees and their guests.

It also covered all airfare and hotel costs for the party.

"We are so proud of our employees. They are the foundation and the reason behind the success of our company and we wanted a big way to thank them," Maykrantz said.

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Source: Briefly.co.za

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