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
Plastic Sheds
Plastic storage sheds are a must-have for anyone that has a yard. Storage sheds in general help you to keep your tools and other yard stuff organized, out of the weather, and out of the yard. Bags of compost or fertilizer store well in a weather-proof shed, and if you lock your outdoor storage shed these potentially harmful bags can be stored out of reach of children, pets, or vandals. Lifetime plastic garden sheds have some distinct benefits over traditional stick-framed sheds, and dont even get me started about flimsy metal sheds. Wood sheds need to be maintained to keep them safe from the elements. Walls and doors need to be scraped and painted somewhat frequently to keep the exterior weather-tight, shingles need to be replaced every so often. Insects and rodents love wood, its a natural element, they can eat, gnaw thro...
Composter Winner Announced … and 6' Table Giveaway Continues!
Congratulations to Stephanie H. of Ephraim, Utah! As the lucky random winner of our October contest, Stephanie will receive an 80-gallon Lifetime Composter! With this tumbler-style composter which turns on an axis for balanced rotation and features a mixing bar, Stephanie can easily make her own compost without the time and hassle of using a pitchfork to turn the pile. For those of you like Stephanie who are new to composting, check out these quick composting tips to help get you started making your own rich organic fertilizer. Thanks to all of you who took the time to enter our giveaway this month. If you didn't win, hang in there; we'll start out next monthly giveaway in just a few more weeks. In the meantime, head on over to tablevogue.com and enter to win the Ultimate Entertaining Kit featuring a 6' Lifetime Folding Tabl...
Win Two Lifetime Modular Cabinets!
This giveaway has ended. The holidays may be gone, but more than likely, they left behind a lot of new "stuff" for you to store or stash. Whether it's new toys, outgrown toys, Christmas decorations, craft supplies, or tools, reorganizing after the holidays is sometimes an overwhelming task. (No wonder the National Association of Professional Organizers has declared January as "Get Organized" Month!) That's why we thought this month was the perfect time to give away two Lifetime Modular Cabinets to one lucky winner to help solve those storage problems! As you saw last week in Charyls' blog post, the Lifetime Modular Cabinets are attractive for use in your home or office, yet strong and durable for use in your garage. The cabinets can be used freestanding on the floor, or hung on the wall. And, by using multiple Lifetime Modu...