Last year was probably Porsche’s best year ever in terms of sales. Their factory in Stuttgart delivered 237,778 cars in total, which represents a six percent increase compared to the deliveries in 2015. And as we all know, each 911 sold gives them a net profit of $17,250, making it the company’s cash cow.
Porsche decided to share the success with their hardworking employees. The company will be rewarding around 21,000 employees with a really fat paycheck this time. Now, the amount isn’t random. In case you were wondering, Porsche decided to make this incentive match the figure on its iconic 911 model.
But no, they aren’t just offering €911, instead, each employee gets €9,111 (or $9,830), not a trivial amount at all. Wow, it must be pretty awesome to work in a company that is so generous. The employees won’t get the sum in one instance. The bonus will be divided into two components. A contribution of €700 ($755) will go to the Porsche VarioRente pension scheme or to individual pension schemes, while the bigger amount at exactly €8,411 ($9,075) will go directly into their bank accounts. That’s still a pretty good deal I say, particularly since it adds to the employees’ vital retirement fund.
The company had always been known to give out huge amounts as bonuses so this isn’t quire surprising. For instance, Porsche employees received bonuses of €8,911 in 2016, and €8,600 in 2015. But this year’s offer is just unbeatable, not even by any other company in the Volkswagen family. It is apparent that as their revenue improves, the more the company is willing to offer. Having said all that, the amount will of course differ and be adjusted depending on the employee’s length of service as well as their working hours for the company. Because it wouldn’t be fair if the newest employee gets the same amount the most hardworking veteran there does.
Porsche is proud to say that in 2016, revenues had gone up four percent to €22.3 billion (that’s equivalent to $24 billion) compared to the previous year. The operating result also had an increase of 14% to €3.9 billion ($4.2 billion). The rest of 2017 is twice as exciting as its new Panamera Sport Turismo had recently just become available. Following this release is the all-new Cayenne that the company will be introducing. Meanwhile, the 911 GT2 launch will capping off the year. Overall, everyone has been very optimistic about Porsche’s future.