The next $10,000 is no big deal for me, says Hilton’s founder
Posted On August 6, 2021
HILTON’S , the largest chain of department stores in the US, has announced it will be offering an incentive to staff and hire new employees who can meet a new “golden age” goal.
The goal, outlined in a post on the company’s website, is to reach 20 percent of the workforce by 2020 and 20 percent by 2030, but only if the company can provide employees with access to an annual vacation.
It says its goal of creating 20,000 new jobs a year by 2025 is achievable, even without boosting the pay for employees.
Hilton has struggled in recent years, with a disaster that saw the chain slump by 40 percent in the first quarter of this year, as it struggled to keep up with demand for its flagship store brands like Hennessey and Hewlett Packard Enterprise.
It announced earlier this year that it was closing 1,600 stores in a bid to slash costs and reduce debt.
The post by Hilton’s chief operating officer, Kevin McWilliams, describes the incentive program, which will be given to employees and managers at the chain’s hotel hotels and restaurants, as “a small but meaningful” perk for staff.HILTTON is also planning to give employees an extra $5,000 to sign up for a “Golden Age” reward plan.
It is aiming for 50 percent of employees to achieve the milestone by 2021, and 50 percent by 2023.
“By the end of the next 10 years, we are going to have a better economy, with more people in jobs, more people earning money, and more people enjoying our great service, which is the cornerstone of the company,” McWilliams wrote in the post.
“I’m so excited about our Golden Age goal, and how we are approaching it and how many people have reached it.”
HILLSON’S has been the target of a recent $50 million class action suit filed by workers at the company that claimed the chain had made employees more unable to earn a living wage.
Hillsons chief executive, David Mullen, told CNBC earlier this month that he expects the company to “win the case,” but added that it is still working to reduce costs.
McWilliams said in the post that Hicksons wasn’t relying on the class action suit, but said the company would be reviewing the lawsuit and responding to it.
“Our goal is to be a leader in providing more opportunities for our associates to earn more money and be part of a thriving economy,” he said.
McWilliams added that the company is also working to improve its performance and work environment for employees, adding that he expected the company will continue to invest in hiring and hiring.
“We’re going to invest to make our stores better,” he wrote.
Read moreHilton has been hit by the losing of hundreds of thousands of employees in recent years, including its first store closures in 2014 and another close in 2017.
It recently announced that it would close 3,200 stores, which was expected to cut hundreds of thousands of jobs.
The chain has said it is planning to close 4,000 hotELs and 3,000 other locations in 2016, but that the pace has slowed down as it tries to rebuild its economy.Hillson’s corporate chief operating officer Kevin McHolland said in a statement that he was confident that the Golden Age goal would be achieved, adding: “It’s about getting to the next golden age.
We have a lot of work ahead of us to do, and we’re going nowhere fast.”
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