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Abigail Richards

Bank Looks To Pay It Forward With Holiday Bonus

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Submitted Tuesday, December 18, 2007
Abigail Richards (6,238)
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State Bank & Trust in Fargo, North Dakota is looking to do some good this holiday season with its employee Christmas bonuses. All full-time employees will receive a $1,000 and part-time $500.

But this year there is a catch for the employee receiving the money. They have to use the money to help someone in need. As part of the "Pay It Forward" initiative, employees were told not to use the money for themselves, their families or families of other bank employees. The bank asked each employee to document the good deed with a video camera. The deadline was set for June 30 to turn in their videos.

The employees were told they can choose an individual cause, pool their money for a larger project or collaborate with donors outside the bank. The privately owned bank has more than 500 employees.

What an awesome idea! Christmas is all about giving and this is a great way to show the community that you are a bank that gives back. This, of course, is assuming that the bank employees were not in desperate need this season or had come to expect a certain bonus each year. If that is the case, then this could be viewed as a cheap publicity stunt and leave a lot of disgruntled employees.

I think this is a novel idea that truly does show the meaning of Christmas. What if everyone across the nation used their Christmas bonuses as a way to spread the wealth and show good cheer. I think it would teach our future generations what Christmas is all about. That it isn't about having the hottest toy or game, but instead about giving to others and lending help when a hand is needed.

It is sad that our society has come this far that when you see a story like this that it is only natural to look for other motives. So what do you think? Is this a good cause or a publicity stunt? I guess only time will tell when the videos surface and the proof of goodness are shown.

 






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Comments on this article:


» left by Anonymous from Fargo, ND (352 days 10 hours ago.)
As an employee of this bank - we will be receiving our own bonus to keep and each were given a video camera to keep, besides the $1000 to give away that must be approved through a committee. We are not taxed on the donation money. Last year the owners gave us a regular bonus, plus an additional $1000 for us to keep to use for ourselves. Our owners have a very caring attitude and giving is very important to them and they care about their employees. Making plans to give away this money has been an amazing feeling for the employees -to pinpoint small needs that may often get unnoticed. We have had 100% participation the past few years in our United Way campaign, so our employees are giving of their own money locally too. We also have one-third of the market share in competition with nearly 20 other banks in town. We must be doing something right.
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» left by Abigail Richards (6,238)
Abigail Richards
(352 days 7 hours ago.)

Thanks for commenting and giving first-hand perspective! Well, it sounds awesome! You are lucky to be able to provide such a welcoming, warm Christmas for those in need!! Your employers sound like great people! I look forward to seeing what you all do to help other people! Please keep us informed!
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Article added to SearchWarp.com on Tuesday, December 18, 2007
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