Manorview Group launches staff profit share scheme
The Manorview Hotels & Leisure Group has launched a staff profit share scheme called the HeartCount Fund.
Under the scheme, announced for the financial year to 31 March 2018, Manorview has committed to allocating 10% of its pre-tax profits to the fund to be shared across the group's workforce.
All employees who have worked for the Manorview Group for a continuous period of 12 months will qualify for two profit share pay outs; one calculated on half year profits and a further payment based on full year results. The fund will be distributed in proportion to qualifying employee's earnings. The first payment will be made in January 2018.
The group's expectation is that there will be more than £200,000 in the fund to be distributed between qualifying employees.
The group was founded by managing director Steve Graham (pictured) in 2007, when he purchased the Commercial hotel in Wishaw, Lanarkshire. The company has since grown to 16 properties, comprising five pubs, two nightclubs, nine hotels and nearly 600 employees. Total turnover for the year to 31 March 2016 was £15.8m.
Graham said: "My goal is to inspire a team who see long term career opportunities at Manorview, and are proud to be a part of our growth. I believe we can achieve this by nurturing our talent, rewarding loyalty, and by communicating our core values."
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