The Zetter Group announces profit sharing scheme for staff
The Zetter Group of hotels and restaurants has introduced a profit sharing scheme for its employees, inspired by the John Lewis Partnership. It is believed to be the first of its kind implemented by a hospitality company in the UK.
The scheme is intended to be equitable across the workforce at the group's Zetter and Zetter Townhouse hotels, as well as its Bistro Loubet and Grain Store restaurants. Open to all employees who have been with the company for two years or more, irrespective of seniority, it will pay a bonus calculated as a percentage of salary.
Jason Catifeoglou, partner in the Zetter Group, said the business was totally committed to the wellbeing of its team. "Our guests constantly remind us that what sets us apart from the rest is the warmth and sincerity of our people and we are very aware that they are the key to our enduring success. We are delighted that we are now sharing this success with them in such a fair and open way."
Mark Sainsbury, founder and partner of the group, added: "I am hugely proud of this scheme and how well it reflects the values of our company. It is innovative, generous and most of all it recognises the essential role our employees play in making our places special. On top of our fantastic benefits and perks packages I think this profit share places the Zetter Group among some of the best employers in the sector."
In addition to the profit sharing scheme, Zetter Group employees also receive neck and shoulder massages, access to private loans, referral bonus of up to £1,000, wine purchase at cost, and bike and annual travel card loans.
The Zetter Group was founded by Sainsbury in 2004 with the launch of the Zetter hotel in London's Clerkenwell. Catifeoglou, who joined the company in 2009, heads its operations, sales and marketing, finance and human resources functions.
The company's third hotel, the 24 bedroom Zetter Townhouse, Marylebone, will open at the end of the year.
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