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Company Founder Uses Personal Fund To Give $20 Million In Gifts To Show Gratitude To Employees

For this year’s holiday season, the workers that are employed at Bayada Home Health Care got something more to be thankful for. Specifically, the founder of the company, named Mark Baiada, gave his employees a $20 million gift, right from his personal funds, to show his gratitude to the workers.

via Yahoo

The windfall actually ranges from $50 for some of the new hires, all the way up to tens of thousands of dollars for the longtime employees. Baiada surprised all of his workers when he revealed this contribution at a luncheon that was held for around 100 employees. The workers responded with a standing ovation, shed some tears and gave some hugs. And the total amount of funds is going to go to the workers in all the 22 states where Baiada’s company operates. The company distributed the funds to 32,000 employees in total, and even some of the retirees that left Baiada’s company after 2010 ended up as beneficiaries of the gift.

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Baiada founded his company back in 1975, and in 2016 announced that he has made plans to turn the company into a nonprofit, which is going to open next year. According to him, the nonprofit companies tend to last a longer amount of time, and he also didn’t need all of the money that he had been making. So he decided to put the mission of the company over the profits.

After receiving the designated funds, some of the employees immediately made plans on what they would be doing with the gift. And some of those plans included new car tires, extra Christmas presents for the kids, there were some trips around the world and plenty of people saving up the money to put towards their children’s future college tuition.

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The founder’s gift was announced right as Bayada is facing two separate lawsuits that are alleging some of the home health care aides weren’t properly paid for their overtime hours. One of the suits is demanding additional payments for the client service managers, while the other one is seeking to represent the occupational therapists, the nurses, and other home health care aides.

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