Manorview hotels shares £162k of profits with staff
Manorview’s staff have received a share of the Scottish hotel and leisure group’s profits as £162,479 was split amongst every team member who has worked at Manorview for 12+ months.
A total of 389 employees will benefit from the group’s ‘Heartcount Profit Share Scheme’, which sees the business take 10% of net profits and share it equally with qualifying team members.
The scheme was introduced by the business in 2017, but this is the biggest amount to date that has been shared. Every team member who has worked at Manorview for 12 months or longer, will qualify.
Managing director, David Tracey, said: “We’re on a mission to make hospitality a better industry to be part of – so it felt absolutely right to find a way to share our profits with our incredible team. Without them, we wouldn’t have a high-performing, profitable business.
“Though we started in 2017, this year is the biggest amount we’ve ever shared – almost double previous years in fact!”
One of the key aspects of Heartcount, is that the amount each person gets is calculated based on hours worked, instead of on their job role or pay. This decision was made intentionally to make things as fair as possible and means that everyone who works the same hours, will get the same amount of profit share.
“Why should a manager or director get more profit share than say, a kitchen porter or housekeeper, when their job role is just as critical to business success? We believe they shouldn’t, which is why Heartcount is calculated this way,” added Mr Tracey.
Currently Heartcount is the only financial bonus scheme at the company. In 2021, the business removed performance-related bonuses, feeling it was unfair to reward some and not others.
Mr Tracey added: “We believe that no one person is ever solely responsible for success. We have a team mentality, which is why we don’t offer individual performance related bonuses.”
To mark the occasion of the profit share, all team members enjoyed an all-expenses paid party at Glasgow’s SWG3. The celebration with over 500 team members included carnival dancers, an aerial artist, face painters & street food. Radio DJ Cassi, live musicians, and party band The Brightside brought the soundtrack to the night, and the party came to an end with confetti falling from the ceiling. All venues closed for the evening so everyone could attend.
Mr Tracey said: “It was amazing to have all team members together to reward everyone for their hard work and commitment. The team loved every minute. It was the perfect way to mark this year’s profit share!”