Hermes has had such a profitable year that it is granting each of its 19,700 employees a $4,000 bonus

Artisans at the Hermes workshop in Saint-Vincent-de-Paul, France. Image - Hermes

Those working for Hermes, are in for some insane financial bliss! In addition to their monthly paychecks, the lucky employees will receive $4268 (approx.) in bonuses as the brand celebrates a well-anticipated sales surge. Yes, that’s right! The payout will be provided as a one-time year-end bonus to each of the marquee’s 9,700 employees. And as per reports, the bonus follows a previous 6 percent wage increase for the company’s French employees and a 100-euro increase granted in January 2022 and again the following July.

One of the iconic Hermes windows. Image – Facebook / Hermes

In addition to this, the company also increased the dividend distributed to shareholders from 8 euros in 2021 to 11 euros – with the total surmounting to 1.4 billion euros. These measures, the marquee noted, are part of its value-sharing ethos – thanks to which the employees are set to receive an equivalent of 17 months’ pay in one go.

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Image – Facebook / Hermes

According to official statistics, the company recorded a 23 percent sales surge in the fourth quarter with full-year revenues rising 29 percent last year up to $12.4. This has also helped the marquee reclaim its position as luxury fashion’s third-biggest brand, following Louis Vuitton and Chanel. The brand while sharing year-end bonuses also revealed plans to recruit more talent with the inauguration of 2 new manufacturing sites in France. Upwards and onwards only for Hermes!

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A lawyer with a zeal for writing, Ekta has a deep love for linguistics, travel, and philosophy. Not an adrenalin junkie but likes going on occasional hikes to beat the weekday blues. Her bucket list includes escapades to Vietnam, Cambodia, and Morocco.