Polaris reports record profit sharing
March 8, 2011
Filed under Features
Polaris Industries has announced it will share more than $13.6 million of the company’s 2010 profit with its employees.
The money will be shared among about 2,250 hourly and non-salaried employees in a cash payment. On average, employees will see a bonus of about 19 percent of their annual pay base. Each full-time salary employee will also receive profit-sharing, and all Polaris employees will join in the distribution of $8.1 million in Polaris stock contributed to their retirement plans.
“We delivered strong performance and posted record results in 2010, and it feels good to reward the hard work and dedication of our employees,” CEO Scott Wine said in a press release. “It is fundamental to our culture that all employees share in the success they worked so diligently to create.”