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Rewarding loyal team members

on 7 August 2017, 16:07

The owners of Dunedin's three McDonald's outlets, who employ more than 200 staff, have committed $350,000 over three years to ''topping up'' a staff savings programme for home deposits or study.

Justin and Eterei Stonelake's company Stonelake Corp began the scheme in January and 31 staff have already signed up for it.

The scheme gives all staff a ''dollar for dollar'' matching on savings up to a maximum $5000 employer contribution, plus contributions towards their KiwiSaver scheme, and a more than $1.50-an-hour pay rise on joining.

Mr Stonelake said the scheme started as a study-funding programme but quickly changed to include home deposits.

It was modelled on a US programme and he believed it was ''unique'' in New Zealand.

''We were just looking at what we could do for staff, other than them just working here for two, five or 10 years, then leaving.''

The couple wanted to incentivise staff to save and to return something to long-standing and loyal staff.

''We're in a position to do good things now,'' Mrs Stonelake said.

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