Milford chronicle., 1953-07-03
Latex Employees Get
Bonus Checks Again
CONTINUED from first page)


heretofore, and therefore this
marked the 18th consecutive dis
tribution.
Since the Playtex Profit Shar-
ing Plan went into effect" Mr.. Spa
mel said, "the Company has con-
tinued to pay profit sharing bon
uses on a steady and continuous
basis year after year"
PrOfit-sharing is an important
part of the Playtex Employee Bene-
fit Program, which is one of the
most liberal in the United States.
Mr.. Spaniel pointed out. He went
on to explain that Playtex en-
ployees receive free life insurance.
free disqualification and surgical
cOverage, paid vacations up to
three weeks, time off with pay for
all legal holidays, paid emergency
time OFF, and numerous other bene-
fits. COyerage for disqualification
and surgical care was increased
last March, and extended to en-
ployees' families with the COMPANY
bearing the major share of the cost.
In his speech, Mr.. Spaniel analyz-
ed the eXtra-plus benefits the
additional cash payments for time
not worked which each employee
received. He pointed out that these
extra cash benefits for time not
worked are among the most liberal
OF any company in the United
States. He made it clear that he
was including only cash payments
for time not worked, and that his
analysis did not include numerous
other indirect cash benefits. such
as the heavily subsidized cafeteria
operation, liberal discounts on en-
ployee purchases of Company pro-
ducts, recreation and athletic pro-
grams, the medical and health pro-
gram, the employee counselling
and assistance program, and manv.
many other benefits which individ-
ual employees cannot directly
measure in cash.
An interesting feature of the
PlayteX policy of keeping it's en-
ployees informed is the report on
the state of the business which is
broadcast over the public address
system at regular intervals. Plav-
tex employees, therefore. are fuIIv
aware of the fact that without
profits there can be no proft-sbar-
ing. They also understand that
profits depend upon the greatest
possible volume of sales of high
quality products produced at the
lowest possible cost. Constant At
tention TO this basic rule has made
1t possible for International Latex
TO distribute profit-sharing bonuses
without interruption since the Dlan
was first adopted.
In closing, Mr.. Spaniel reminded
each man and woman that their in
ulViduaI share of the profits de-
pended upon each ones contribu-
tlOn towards making the profits
possible. Maximum bonuses went tn
those employees who had the best
attendance and the highest amount
OF quality production. He added
that no supervisor or manager re-
celved a higher bonus than the
earned by a production
worker, and that as long as this
company continues to make profits.
we will have profit-sharing bonus
ulstrlDutlOns we will continue |
TO make profits so long as we MAIN |
tam our well-run sales organiza-
ton, intensive national advertising |
ana men and women who continue |
10 90 a full days work for a full /
days pay.
The response Of the Playtex Park
to this announcement
was enthusiastic, to put it mildly.
ana tPe merchants in the entire
peninsula of Delaware have already
-elt the impact of this cash distri-
button.