Salt Lake Tribune | 1916-12-24 | Page 14 | Bonus Distributed by Tracy Company

bonus distributed by Tracy company In Addition to Christmas Gift, an Increase In-crease in Salary Is Allowed, to Be Effective January 1. "Rnssel L. Tracy, president of the Tracy Loan & Trust company, yesterday yester-day distributed to the thirty employees of that institution more than $500u. In addition thereto, an average increase in-crease of salary of 12 per cent will be given each employee of the company, effective January 1. Mr. Tracy ;s action in distributing $."3000 among his employees, in addition to the salary advances, is in line with the custom he has followed for the past fourteen years, and the sum distributed yesterday brings the total of the money given tiie employees of the company e;Kh year in this manner to $45,000. The company distributes this money annually in a different manner than the majority of concerns, inasmuch as neither neith-er the salaries nor the length of time an employee has been in the service of tiie com pauy is taken into consideration. considera-tion. The company apportions the. money solely on the degree of meritorious meri-torious work performed by each em- ; plovee, as viewed by the management, ; and none of the employees lias the slightest knowledge of how the money is apportioned each year until tiie checks are actually drawn.