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Lego gives its 20k employees three days extra holiday after profits rise 140%

Author: Tomte

Score: 41

Comments: 11

Date: 2021-11-30 06:34:38

Web Link

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gdegani wrote at 2021-11-30 12:28:26:

I work at lego and it is awesome, not only we are getting the extra holidays but extra bonus, in previous years we also got extra salary due to performance. by the way we are massively growing our software engineering teams and going through a massive transformation, unfortunately remote is not an option but we have offices in Billund - DK, Copenhagen - DK, London - UK and Shangai - CN.

Sorry for the shameless plug !

https://www.lego.com/da-dk/careers

tamaharbor wrote at 2021-11-30 11:08:30:

They deserve a break after continually stepping on those damn things.

beardyw wrote at 2021-11-30 09:17:12:

I think this is a smart move. Three days holiday is long enough to do something, especially if you add a weekend. They will feel better and work better. Money would be forgotten sooner.

londons_explore wrote at 2021-11-30 10:16:38:

In a rapidly growing business, there is often plenty of money (either from sales, or from investors banging on the door), but a shortage of employee time (hiring people takes time, training people takes time).

Giving holiday as a gift may therefore cost the company more than it appears on the surface.

finger wrote at 2021-11-30 08:15:03:

The article uses some quotes and then links to a statement that do not contain those. Is that normal?

sitkack wrote at 2021-11-30 08:06:18:

That is roughly a 1.2% raise. Maybe Lego employees or Lego management can't do math.

blitzar wrote at 2021-11-30 08:41:30:

1.2% pay raise could wipe out 100% of the profits depending on the profit margins the company is operating.

eesmith wrote at 2021-11-30 08:54:11:

Values from the article:

> net profit of more than 6.3bn Danish kronor ($954m) for the first half of 2021 – an increase of 140% on the same period in 2020.

> 20,000 employees

    salary * 20000 * 0.012 = $954m
  => salary = $3,975,000

I strongly suspect the average wage at Lego is NOT approaching $4M/yr.

sitkack wrote at 2021-11-30 23:13:04:

Raises are nice, profit sharing is better.

hulitu wrote at 2021-11-30 07:48:43:

Maybe they would have apreciated more a salary increase.

refurb wrote at 2021-11-30 11:41:50:

Or just a cash bonus? That was always my take. No I don’t want a gift basket or “special” year end party, just give me cash.

But days off is pretty close 2nd.