Monday, Jul. 16, 1923
Workers' Bonuses
At the turn of the half-year, many concerns announced the payment of various bonuses to their employees. The Title Guarantee and Trust Co. of Manhattan, prospering from the building boom, expects to distribute bonuses ranging from 5% to 15% or more upon its annual salary and wage list.
Henry Ford also will pay an additional 2% upon 6% investment cer tificates held by employees. This will involve a distribution of over $1,000,000 to 30,000 Ford employees.
The Eastman Kodak Company also has begun the payment of $1,760,000 as "wage dividends" to its 15,000 employees, in addition to the payment of $4,500,000 dividends to common stockholders. The amount of the "wage dividend " paid each year by the Kodak Company depends upon the extra dividends paid on its common stock. This year the wage dividend amounts to 13% of the annual wages of employees of five or more years' standing.