Christmas came early for the employees of St. John’s Properties.
The commercial real estate company’s founder, Edward St. John, surprised his 198 employees with a $10 million bonus during their annual holiday party, reported CNN.
All the employees opened red envelopes at the same time which contained the amount of their individual bonuses. The size of their check was determined by their years of service with the organization.
While the largest bonus given out was $270,000, the average came to an impressive $50,000. An employee that was set to start their first day with the company on the Monday after the party received the smallest amount, $100.
The founder was motivated to gift the generous amount to his staff after the company achieved its longtime goal of developing 20 million square feet of office space across eight states.
“To celebrate the achievement of our goal, we wanted to reward our employees in a big way that would make a significant impact on their lives,” said St. John. “I am thankful for every one of our employees for their hard work and dedication. I couldn’t think of a better way to show it.”
Naturally, the 198 employees were overcome with shock, excitement and gratitude after receiving the unexpected checks from their real life Santa Claus.
In a clip released by the company, elated employees of St. John’s Properties called the surprise cash everything from “magical” to “life-changing.”
The firm also provided airfare and hotel accommodations so that employees located in other states could attend the party, which was held near the company’s Baltimore headquarters.
In addition to the holiday party bonus, staff will also get their regular yearly bonus and their profit-sharing bonus in the New Year. Are they hiring?
"I steer the boat, but they're the ones that run the boat, they are the ones that make the boat go," St. John added. "Without the team we are nothing, we are absolutely nothing."