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
Lifetime Acquires Kayak Company
We've been pretty busy at Lifetime this week and can finally tell you what all the commotion is about. Lifetime is expanding into another new sporting goods industrywater sports! Fun, huh? Just this week, Lifetime acquired the assets of San Bernardino, CA-based Dragonfly Innovation, Corp. and its kayak products. It's a move that just makes good sense for Lifetime. Kayaks you say? Yep, that's right. It's a great way to complement our other sporting goods lineup, which already includes basketball systems, soccer goals, and a tetherball set. And, the kayaks work well with our plastics manufacturing expertise, since they are a blow-molded product. Lifetime will manufacture the blow-molded kayaks in its Utah facility, which means the creation of more manufacturing jobs! Plus, with Lifetime manufacturing kayaks, it's good news fo...
Are You Following Us?
If you love Lifetime products, we have lots of ways for you to stay connected with us online to get the latest company news, product updates, and exclusive deals. Reading this Lifetime365.com blog is a great starting place, but be sure to join us in our other online communities, too! Lifetime Products Facebook Page - facebook.com/lifetimeproductsReceiveproduct and company news, deals, share photos, and interact with Lifetime and other Lifetime fans Lifetime Products Twitter Account - witter.com/lifetime365Learnproduct and company news, deals, and interact with Lifetime and other Lifetime fans Lifetime Products YouTube Channel - youtube.com/lifetimeproductsMore than 60 videos (and we're adding more everyday!) about Lifetime and our products Lifetime Products Website - lifetime.comCorporate news and information, product inf...
Win a Lifetime Glider Bench
This giveaway has ended. Aahhhh. Deep breath of fresh, crisp, autumn air. With the cooler temperatures and beautiful Fall colors arriving, it's as if nature is tugging at your coat sleeves to get you outside to enjoy the scenery. Sometimes it's nice - and necessary - to take a break from our daily chaotic schedules to simply relax and admire all of nature's wonders. With that in mind, this month, we are going to give one lucky person an ideal excuse to cut loose from routine and simply sit outside and unwind. After all, if you win a brand new Lifetime Glider Bench, it's pretty much a requirement you take time each day to actually use it, right? We think so. So, this month we're giving away a Lifetime Wood Alternative Glider Bench. It's the perfect size to easily fit on a porch, patio, or nestled in a quiet spot in your back...