I love hearing good news stories rather than the typical doom and gloom stories that the media outlets seem to be putting out. This one made me smile…
A company giving back to their employees
Recently I heard that David Green, the CEO of Hobby Lobby stores, decided to increase their minimum wage to $10/hour. The change will affect 9,200 of their full-time employees and will cost the company about $15 million dollars each year.
Spokeswoman Carol Troy said they took the action because, “they have had a profitable year and want to pass that on to their employees.” And David Green said, ““Our employees are the backbone of our company, and we believe that giving them the opportunity to share in our success is the right thing to do,”
Apparently David Green is a Christian and he runs the business with Biblical values in mind. What’s exciting is that you can see God’s hand on that business as it thrives in an economy that is putting many businesses under. Over the last year Hobby Lobby has actually had a significant increase in sales and they have plans for expanding in 2009, opening 25 new stores while creating another 1000 jobs.