Business

Bayada Health Care Employees Receive $20 Million From Chairman

For this year, Bayada Home Health Care has something special for its employees to be thankful.

On Tuesday, Mark Baiada, the founder of the company surprised his employees with a $20 Million present from his personal treasury.

As per the company reports, the bonanza offered will range from $50 for new employees and reach up to tens of thousands of bucks for long-serving employees.

Baiada disclosed his offerings at a formal lunch for some hundred unsuspicious workers, who reacted with tears of joy, standing ovation, and hugs.

The windfalls will be provided to employees in the 22 different states.

Nicole Green, an employee who attended the luncheon, said that employees were requested not to disclose the size of individual gifts.

Baiada said that these gifts are a part of the projected evolution of the company to turn it into a non-profit organization by early next year, along with a way to express appreciation to employees.

Green also said that the way of appreciation by Baiada’s for his employees was still more meaningful than the financial achievement.

Bayada Home Health Care elected officials and executives to inaugurate the expansion of the project, Jim Walsh.

The celebration occurred at Bellevue Hotel, Philadelphia, which is just a block away from the location of the firm’s first service office started in the year 1975.

The company said that Baiada has kept $16,000 aside for launching the home healthcare company.

The company also added in the statement by saying the shift to the nonprofit position is planned to defend Bayada from the auction and to utilize the firm’s profits into its “culture and mission.

The reason behind the distribution of appreciation bonuses may be the company has been dealing with two court cases claiming that home healthcare assistants were inappropriately rejected overtime wages

Central judges have allowed conditional certification to both the lawsuit, which is still expecting last final certification.

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Alice Martin

Having done MBA in Finance and with over one decade of experience in the field of business, Alice leaves no chance to use his expertise when it comes to Business section. She makes sure that Business news is up-to-date with correct numbers and figures. In her leisure time, Alice loves to play and watch movies with her two-year-old son.

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