We believe in the power of business to create positive change. We are committed to balancing purpose and profit, and today, we are thrilled to share two significant updates to our employee compensation plans that illustrate our dedication to our team members and our values.
We're Setting a New Standard: A Living Wage for All
Effective for the 2024 landscape season, we are elevating our commitment to fair compensation by ensuring that the minimum starting wage at Klausing Group is at or above the living wage in the places we operate our business. We recognize the importance of a wage that not only meets basic needs including food, medical, housing, transportation, civic expense and taxes but also enables our team members to thrive and pursue their passions. This decision is a reflection of our belief in the inherent dignity and worth of every individual contributing to our mission.
We understand the vital role businesses play in shaping a more inclusive and equitable society. By setting a higher standard for our starting wages, we aim to lead by example and contribute to a positive ripple effect in our community.
We're Sharing Success: Introducing Our Profit-Sharing Program
Our commitment to our team's well-being extends beyond wages. Beginning January 1, 2024, we are excited to introduce a new profit-sharing program. This initiative reflects our belief that success is a collective effort, and our employees deserve to share in the fruits of their hard work and dedication.
The profit-sharing program is designed to align our team members with the success of Klausing Group. As we grow, so do the benefits for each and every one of our team members. This program is a testament to our commitment to creating a workplace where everyone has a stake in the company's success, fostering a culture of collaboration, engagement, and shared achievement.
Why These Changes Matter
Our mission goes beyond profits; it encompasses a commitment to people and the planet. These compensation changes are a natural evolution of that commitment, ensuring that our business practices reflect our dedication to social responsibility.
We aim to contribute not only to the financial well-being of our team but also to a more just and equitable society. We are excited about the positive impact these changes will have on our team members, their families, and the broader community.
Together, we are driving positive change and creating a future where business is a force for good.