VCP & Profit Sharing
Combined with competitive wages and salaries, the pillars of our pay for performance strategy are a Variable Compensation Plan (VCP) and Profit Sharing program. Available to permanent employees, VCP begins on day one and is paid out quarterly, while profit sharing begins after two years’ service and is paid out annually. Both are designed to ensure that when the company succeeds, employees’ contributions to that success are recognized and rewarded. On average, variable compensation is approximately 10% of an employee’s salary while profit sharing is 14% of the company’s pre-tax net profit distributed equally across all Profit Sharing members.
