Employees Bonus: The relationship between employees and companies is closely tied to salaries. While the thought in employees' minds might be, "We work because we get paid," the company's perspective could be, "We pay so the employees work." If this bond remains purely transactional, there’s little newness in the relationship. However, when this connection goes beyond just pay, both the company and employees experience growth and happiness. One such company, which continues to nurture this bond, has taken an extraordinary step by gifting employees an unprecedented bonus, rewarding them with Rs. 4 lakhs each.
Company Details: The renowned luxury brand Hermès from Paris shared its profits with employees. Not only did the company achieve high profits, but it also made significant business growth. As a result, Hermès announced a bonus for its employees. Every employee working with the company was gifted Rs. 4 lakhs (4,500 euros) as a bonus. Hermès continues to be the largest fashion company in France. In 2024, the company generated revenue of 15.2 billion euros, marking a 15% profit increase compared to 2023. With long-term goals in mind, the company is growing rapidly and was prepared to share the profits with its employees.
Expansion and Growth: Hermès has been steadily increasing its loyal customer base while also expanding its brand into other countries. The business is not only profitable, but customers are also highly satisfied with Hermès products. The company hired 1,300 people in 2024, bringing the total workforce to 25,000 employees. According to data from Fashion United, Hermès announced a bonus of Rs. 4 lakhs for its employees. With a 7% increase in revenue this year, the company decided to share these profits with its workforce. The company has also opened stores in multiple cities across the world, including Chicago, Japan, France, Beijing, and Shenzhen.