Every year, every employee receives a bonus in their December pay.
This bonus was implemented back in 2017 with the aim of making everyone work together to make the Company as profitable as possible, with the end goal of a bonus based on the Company’s profitability.
The implementation of this bonus has been pivotal in Tufcot’s continued growth, investments and development over the last five years.
Although 2022 brought numerous challenges (e.g. the Ukraine war, record level energy price increases, extreme weather and raw material price increases), we have managed to hurdle these problems and grow on previous years.
Profit margins may be closer than ever due to overheads, but we wish to maintain our current customers and attract new customers on a regular basis.
As we managed to navigate through the challenges of 2022, this meant that we hit record levels of sales, more than 40% than in 2021.
This allowed our Senior management team to give all our full-time employees a bonus of £1330 which was another record for this bonus.
This bonus, coupled with wage increases in 2022 and other bonuses, meant the total figure for the year was just under £3000 for each employee.