VanderSloot challenges all Idaho employers to spread the wealth
Published at | Updated at
IDAHO FALLS – The CEO of Melaleuca announced Thursday that every employee in his company will receive a bonus, thanks to the tax reform bill.
Frank VanderSloot said his workers will get a one-time bonus of $100 for every year they have worked for Melaleuca.
“Because of tax bill, Melaleuca is announcing bonuses for all employees,” VanderSloot tweeted. “Employees will receive $100 for each year of service. 5 yr = $500. 10 yr = $1000. 20 yr = $2000. Etc. Melaleuca challenges all Idaho companies to do the same! Our employees mean everything! They built it!”
VanderSloot is the first CEO in Idaho to publicly announce bonuses due to the tax reform bill, but he hopes more businesses will follow.
“We’re going to have more money in our pocket and that means we can afford to give our employees more,” VanderSloot said. “I’m challenging all other companies in Idaho to do the same. We’re asking other businesses to step up because everyone is going to see more money in their paycheck. We wouldn’t have our companies without our employees. They mean everything to us!”
Several national companies, including AT&T, Comcast, Wells Fargo and Boeing, have announced their workers will receive bonuses once the bill is signed into law.
VanderSloot owns more than 10 other businesses besides Melaleuca. He said the bonuses will be distributed to all employees at each of the companies he owns. These bonuses are separate from the $2.8 million paid out to Melaleuca employees in longevity bonuses last month.
“Tax reform is going to help business. We are going to have more to spread around,” VanderSloot said. “We ought to share the savings with those who helped get us here. Some might not be able to, but most businesses should be able to afford $100 for each year an employee has worked for the company. But if they can’t afford it, they should at least do half.”