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Dr. Bronner’s Quote The company sells one bar of soap every two seconds, 150 years oldThis family-owned business does more than just stock products on the shelves.
Social media post Dr. Bronner’s announcement last week revealed some internal details about the company: The soap maker is capping the pay of its highest-paid executives at five times the pay of its lowest-paid full-time employees. means Those who work full-time and have been with the company for at least five years.
“An ethical company should pay a fair wage and provide good benefits so employees can live on the wage they receive,” CEO David Bronner said, adding, “We’re really trying to set an example of being reasonable.”
Dr. Bronner’s 2023 Earnings Report The details generated by the company are $170 million Revenues for 2022 are expected to be $20 million, with 86.7% of revenue generated in the U.S. The soap maker has a total of 311 U.S. employees, with approximately 73% of management positions promoted from within the company.
According to the report, Dr. Bronner’s starting pay for non-temporary full-time employees in 2022 was $24.85 per hour, while the starting pay for temporary employees was $21.30 per hour.
A full-time employee who maintains their 2022 starting salary for five years and works 40 hours a week would earn $47,712 per year.
That would cap Dr. Bronner’s maximum salary at $238,560 per year. entrepreneurCalculation.
Related: Why most CEOs won’t take a pay cut to avoid being fired
The CEO’s median salary last year was about $1.3 million, more than five times the estimated salary of Dr. Bronner’s’ highest-paid employee. study From the Associated Press.
The survey tracks CEO compensation at S&P 500 companies. found In half of the companies, “it would take a worker in the middle of the company’s pay scale almost 200 years to earn the same amount as the CEO.”
The CEO’s median compensation package, taking into account salary, bonus and stock awards, totaled $16.3 million.
Related: According to a new report, the highest paid CEOs in America are:
In addition to the salary cap, Dr. Bronner’s cover We offer child care subsidies of up to $7,500 per family, no-cost health plans, and organic vegan meals for employees daily.
The company’s surplus go Bronner, who donates to charities and other causes, said in an Instagram video that he lives an “amazing” life and finds the fun atmosphere in his office “fulfilling.”