[4] After several years, Schneider grew tired of the long working hours his position required of him and frustrated with the feeling that he never had time to enjoy his youth.
The firm reviews businesses' fixed monthly costs and reduces expenses by correcting billing errors and also negotiating more favorable vendor contracts based on benchmark pricing.
[2] However, his personality has since mellowed, and Schneider has said that he tries to maintain an optimistic attitude and promote positive thinking in the workplace.
By celebrating the occasion, enough attention is drawn to the offending employee to ensure a lesson is learned, but the result is positive.
The bonus is awarded regardless of job title or salary at the company, and is renewable for every five-year interval the employee remains employed by SIB.
[2] Schneider enacted the retention bonus policy to incentivize and reward company loyalty, and to reduce the expenses and inefficiency associated with employee turnover or job-searching while on the clock.
He also liked the idea of awarding a single, large lump sum payment to maximize the impact on SIB employees' lives.