Lifetime Products Profit Sharing

Lifetime Products Profit Sharing

Lifetime Products Profit Sharing

On Feb 6, 2010 Lifetime Products held its 42nd bi-annual Profit Sharing Meeting. If you’re like me, and don’t know what profit sharing is when you first hear of it, let me explain. Profit Sharing is a program where a company shares a portion of the year’s profit with its employees. At Lifetime, everyone is involved with Profit Sharing and we all get the exact same amount (with the exception of people that have been with the company for less than a year or have not met performance requirements).

Lifetime's Profit Sharing meeting is also a report on the company. Both the Lifetime Products President Richard Hendrickson and Owner/CEO take the opportunity to update us on company initiatives, company goals and values, and new products. In this meeting we learned that Lifetime is still completely debt-free, and doing great after recent hard economic times. We also have a LOT of exciting new products to look forward to! Check our blog for the release of these new products.

Every other Profit Sharing meeting, it’s tradition to award our annual “Humanitarian Of the Year” award. This year’s award went to a very deserving group rather than an individual. Jared, Mike, Ken, Mary, Cliff, Adam, Ron, Sandy, Jayson, Jeremy, Tim, Kevin, John, and Wes all chose to use their budget for a manager’s team-building activity to coordinate a local service project. In the summer of 2009, they coordinated a large-scale overhaul of a Christmas Box House location. In response to the service, Lisa McDonald, a representative from the Christmas Box House said:

“Because of the generosity of community supporters like the wonderful individuals at Lifetime Products, The Christmas Box Houses are able to provide a variety of resources to children who have been abused and/or neglected. It means a lot to the kids to know that people care about them. They love the new playground equipment.”

The entire project took months to coordinate, about a week of dedicated labor, and a variety of product donations, including:

• Cleaning, mowing and weeding a backyard play area
• Painting a key on a basketball court
• Painting a 4-square game on the sidewalk
• Installing a sandbox
• Installing playground equipment made by Lifetime Products, including a basketball system, Geodome, Shed, Helicopters, Deck Box, and Kids’ Picnic Tables.
• Moving an old shed and replacing it with a Lifetime shed, where they organized the charity’s bikes, helmets, skates and scooters. 

Congrats to the winners of this prestigious award! And thanks to all those who came to Lifetime’s Profit Sharing!

Katie

Katie

Katie_Salter0014_blog - Copy.jpgName: Katie

Position at Lifetime Products: Former PR/Communications Manager - but ALWAYS a fan of Lifetime products!  (Katie's blog posts were written while she was Communications Manager at Lifetime.)

My favorite Lifetime Products: 4ft x 2ft fold-in-half table, 30" Personal Table, Camping table, 6' fold-in half tableRound Picnic Table, Fold-up Utility Trailer.

Read all posts by Katie

Be the First to comment






Incorrect please try again
  • Get a new challenge
  • Get an audio challenge
  • Get a visual challenge
  • Help
Enter the words above: Enter the numbers you hear:

Nothing to report... Please be patient as it may take a few minutes to publish. Your comment will not publish right away because this blog is moderated.

 
  • Random
  • Popular
  • Recent
Park It in the Garage
Small gatherings of family and friends are not uncommon at our home. My wife really likes to entertain guests. However, inviting about 100 of our closest relatives during the heat of the day was a little bit of a stretch for our home, so I came up with a solution . . . overflow seating in the garage! Heres what happened: A few weeks ago, we decided to celebrate the birth of our 2 month old baby girl. We agreed to hold a casual party to celebrate this occasion with a few of our closest relatives. After the invite list ballooned to around 100 people, I realized my wifes definition of a few was much different than mine. It wasnt long before I realized the seating capacity of our home would not accommodate her expanding invite list.Due to time constraints, the only time the party could be held was in the middle of the afternoon....
Lifetime Chair Cart
The Lifetime Chair Cart allows you to move and store up to 32 Lifetime folding chairs at once! The Lifetime chair cart is designed made of powder-coated, 16 gauge square tubing with commercial strength in mind. Swivel casters to enable you to maneuver the Lifetime chair cart safely and easily.
Family Fun with the Kayaks!
I had a family reunion a couple weeks ago. This is not your typical family reunion with cousins youve never met, let alone seen, before. My extended family is very close-knit and (I hope its safe to say) we all look forward to the DFR (aka Dixon Family Reunion) every year, truly. My dad and his two siblings take turns planning it each year. This year was my Uncle Brents turn, so we went to Pineview Dam near Huntsville, Utah. I have about 20 cousins in the age range of 28-35. They all have spouses and, on average, 4 kids each; so our family is pushing close to 60 people. The kids range from brand new babies to 16 years old. As you know, Lifetime acquired the kayak company, Dragonfly Innovation, back in February. I bought two of the blueCalypso kayaks and decided Id take them up to the lake and see what kind of reaction they g...