Melaleuca, the Idaho Falls, Idaho-based wellness company, recently rewarded 230 employees who have reached landmark anniversaries this year by giving them $2.8 million in loyalty and longevity bonuses during the company’s annual meeting. These bonuses were distributed to 180 employees from Idaho Falls and Rexburg, Idaho; 45 from Knoxville, Tennessee, three from Hawaii and two from Puerto Rico.
Melaleuca pays $5,000 on a five-year anniversary, $10,000 at 10 years, $15,000 at 15 years, $20,000 net (which is a total payment of $33,000) at 20 years, $25,000 at 25 years and $30,000 at 30 years.
In total, Melaleuca has paid $23 million since instituting the program in 2007. This bonus is for all full- and part-time employees, regardless of position or pay level, and an employee’s length of service is the only qualification.
This year, 28 employees received $25,000 checks; 16 received a $20,000 net check ($33,361); 27 received $15,000 checks; 88 received $10,000 checks; and 71 received $5,000 checks.
“I think it’s great that we’re going through life together,” Melaleuca CEO Frank VanderSloot said while handing out checks to the 25-year employees. “It’s important to reward the people who have built Melaleuca, and this bonus serves as a token of our appreciation for their years of dedicated service.”
VanderSloot created the loyalty and longevity bonus program so every employee who spends their career with Melaleuca can have in excess of $1 million in the bank when they retire from Melaleuca.
“It’s our goal that all Melaleuca employees will retire as millionaires,” VanderSloot said.