Budgeting, Planning & Forecasting

Budgeting, Planning & Forecasting

March 01, 2011

FreeWave Technologies Employees Continue To Get Rewarded As The Company Continues To Grow

FreeWave Technologies, a manufacturer of the most reliable, high-performance spread spectrum and licensed radios for critical data transmission, recently announced that it has distributed its 32nd consecutive bonus payout to its employees. Twice a year, the employees are rewarded by the company with a bonus. This bonus has been consistently paid since FreeWave hired its first employee back in 1995. The bonus is calculated on the profitability and growth of the company and is distributed in the form of both cash and contributions to employee-managed pension plans.

In a release, Ashish Sharma (News - Alert), chief marketing officer and general manager of products at FreeWave said that "FreeWave's team continues to focus on customers each and every day – from the employees in manufacturing to the senior management and executive staff. Our employees are the lifeblood of our organization and are dedicated to serving our customers in the highest quality manner. We believe our success is a direct result of their contributions and we are happy to reward them through these semi-annual bonus payouts among other benefits."

This bonus distribution is yet another one of the company's significant ways of attracting and retaining a highly skilled and motivated workforce. Currently, FreeWave averages seven years in regards to employee retention and also has a very small turnover. Apart from this, the company also continues to invest in its success by increasing its workforce last year by almost nine percent and expanding its geographical presence around the globe.

The company has continued to increase its efforts within renewable energy and utility markets, such as renewable energy and smart grid, while remaining continues to be a leading provider of wireless data radio solutions for industries, such as oil and gas, military, agriculture and more.

Sharma went on to say that "In 2011, we expect to see our global presence increase dramatically. With our recent launch of new licensed radios for international use and additional global products in development, we will be able to meet the needs of customers with installations overseas and will aim to secure new customers by offering new solutions that meet their needs."

Carolyn John is a Contributor to TMCnet. To read more of her articles, please columnist page.

Edited by Jennifer Russell

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