Profit Sharing at Savage Precision
A $250,000 Profit-Sharing Bonus Makes Employees’ Holidays Brighter
The foundation of our success at Savage Precision lies in the dedication, skill, and hard work of our employees. As a precision parts manufacturer known for machine shop quality control and delivering high-volume parts on a quick-turn timeline, we understand that achieving excellence requires a motivated and engaged team. That’s why 2024 marked a significant milestone for Savage Precision: the launch of our profit-sharing program.
This initiative is more than just a financial reward – it’s a reflection of our commitment to employee well-being, accountability, and motivation. Here’s how our first-ever profit-sharing initiative unfolded and why it’s changing the game for our team.
What Inspired Profit Sharing at Savage Precision?
For Scott Gardner, our president and long-time employee advocate, profit sharing was a natural step forward. Having spent 27 years at Savage Precision as an employee himself, Scott understands firsthand what motivates workers and what truly matters to them.
“If we make a profit, it’s because of our employees,” Scott explained. “So, it’s natural for us to give back to our employees what they earned.”
This philosophy forms the foundation of our profit-sharing program, designed to reward employees for their contributions and inspire even greater success in the future.
How Profit-Sharing Benefits Employees
In December 2024, just before the holidays, Savage Precision distributed $250,000 to its employees through the profit-sharing program. The impact was immediate and deeply personal.
Some employees took their families on last-minute vacations to Disneyland. Others made significant purchases, like buying cars. The timing of the bonuses, just before Christmas, added extra cheer to the season and highlighted our commitment to strong company culture and work-life balance.
Before receiving their checks, employees had no idea how large their bonuses would be. For Scott and his mother, JoAnn Gardner (former owner of Savage Precision prior to her retirement), watching employee reactions and seeing the surprise and gratitude on their faces was an unforgettable experience. The realization that their hard work translated into such substantial rewards was a moment of pride and motivation for the entire team.
The Impact on Employee Motivation and Accountability
Our profit-sharing program is designed not only to reward employees for their hard work but also to inspire them to do even better. By tying financial rewards directly to performance, we’ve created a culture where everyone sees the value of their contributions.
Employees understand that the more high-quality, defect-free parts they produce, the greater the profit and the larger their bonuses. This shared goal fosters teamwork and mutual accountability, as everyone works together to improve productivity while upholding our high standards.
“Our team polices themselves because they know it’s their money on the line,” Scott noted.
The program reinforces our KPIs (Key Performance Indicators), which measure punctuality, efficiency, and quality control. Employees know that lateness, defects, or missed deadlines can directly impact their bonuses, encouraging everyone to stay focused and accountable.
Building a Culture of Quality and Success
Savage Precision has always been committed to producing the best precision parts with unmatched attention to detail and quick-turn service. The profit-sharing program is an extension of that commitment, aligning employee incentives with the company’s goals.
Every team member plays a role in our success, whether it’s maintaining machine shop quality control, ensuring no defects or “escapes,” or meeting efficiency targets for high-volume parts. Profit sharing helps reinforce these values, creating a workplace culture built on trust, accountability, and shared success.
Profit Sharing for the Future
The success of our 2024 profit-sharing program has set the stage for even greater accomplishments in the years ahead. This program will now be an annual tradition at Savage Precision, rewarding employees for their continued hard work and motivating them to achieve even more.
“Our KPIs allow us to track exactly how many parts per hour we produce, how timely we are, and how efficient our processes are,” Scott explained. “With this data, we can ensure that every employee’s efforts are reflected in their bonuses.”
By investing in our employees, we’re not just creating a more motivated workforce; we’re building a stronger, more successful company.
Why Profit-Sharing Matters
This program underscores our belief at Savage Precision that when employees thrive, the company thrives.
As we continue to grow and push the boundaries of what’s possible in precision parts manufacturing, we’re proud to stand behind a program that puts our employees first. With each year, our commitment to employee well-being, accountability, and motivation continues to strengthen. Contact us today to learn more.
