Connection to Award One-Time Employee Bonuses
Technology solution provider Connection is joining the list of companies offering employee bonuses in the wake of the U.S. Tax Cuts and Jobs Act.
Connection, which was known as PC Connection from 1982 until late 2016, announced this week that it will pay a $1,000 cash bonus to each employee.
"We are pleased to be able to provide this special reward to our valued employees for their hard work and commitment to excellence," Timothy McGrath, CEO and President of the Merrimack, N.H.-based company said in a statement.
While the company's statement didn't say how many employees the company has, its last annual report filing with the U.S. Securities and Exchange Commission a year ago put the count at 2,500 people. Connection's statement also said the company is still evaluating provisions of the legislation, which was signed in December, but that it anticipates a beneficial impact.
Among dozens of companies that have announced one-time bonuses or pay hikes in relation to the tax law are American Airlines, Apple, AT&T, Bank of America, Best Buy, Disney, Walmart and Wells Fargo.
Posted by Scott Bekker on February 08, 2018