Dear St Pierre’s family
I hope you are all well!
Thank you so much to everyone for coming to the Profit Sharing 2022 meetings.
After all the difficulties of the last few years, we really enjoyed the five meetings held around the country. It was wonderful to meet you all again and celebrate your successes and milestones!
It also looked like everyone was enjoying catching up with old friends from other shops around the region. As well as enjoying each other’s company, events such as profit sharing are a reminder of the support networks we have beyond our individual shops and of the talent in the greater St. Pierre’s family.
These events are also unique to St. Pierre’s. They are like the Annual General Meeting of a publicly listed company, where we announce the financial results and how much money is being paid out. But instead of shareholders, the attendees are our long-serving staff! I don’t know of any other company which shares its profits with staff in this way, and it’s one way we show our thanks for your effort, dedication and loyalty.
Profit sharing 2023
This will be the 26th year of our Profit-sharing Programme. I am really proud to say we have over 500 people in our plan, and this year, we paid an extra 12% on top of staff pay – or 6 weeks extra wages! – into the Programme!
Despite everything that has happened in the past few years, company sales have grown strongly, and this success is thanks to the hard work and positive attitude of all our team members. Profit sharing is one of the ways that we share our success with you, and forms part of our “Partnership culture” which is one of the many ways that St. Pierre’s is different!
Recently, we asked you what you did with your profit sharing payments. The most popular response was overseas travel. Many of our staff are from or have family overseas, and it’s great to help people reconnect with loved ones after the COVID border closures.
Other common responses were new cars, phones and computers, house deposits and renovations, and money to spend on family. We’re proud that the Programme help make a difference in people’s lives, and we look forward to hearing what staff do with their payments this year.
Above all, thank you for your effort and commitment, which is the key to the success of your stores and teams. Thank you also for coming to the meetings, and enjoy spending your profit sharing payments!