dynabrade, inc. Reviews

As a partially employee-owned company, we are sharing a lot of financial information with our team and we are encouraging direct interaction with our executives. We welcome constructive criticism and new ideas. It has made us a more successful company. Here are the correct facts: • Dynabrade has outperformed the industry by a long margin and has shared the gains with the employees. • We have an exceptionally strong balance sheet and no debt. • We are continuing to make significant investments in our business to drive future sales growth and profitability. • 2017,2018 and 2019 were the best sales years in the company’s 51-year history. Our record profits were shared with our employees. Their ESOP (Employee Stock Ownership Plan) rewarded them with higher returns and larger contributions than ever before. It even included a special dividend. The ESOP contribution will remain intact during the Covid-19 recovery period while the 401k contribution for 2020 has been suspended. • Share prices have increased every year for the last 10 years. It is correct that we are expecting a stock decline as a result of the current Covid-19 sales and income reduction. However, plans are in place to rebuild normal levels as manufacturers around the world bounce back. Please note that Dynabrade remained profitable even during this most challenging time. • Shareholders do NOT pay money to Dynabrade. They receive an annual dividend. • For 2021, we increased our starting pay to $15.00 per hour, which is $2.75 above minimum wage. The increase resulted in pay increases for many of our hourly employees to create a fair income system. • Our 2019 Employee Net Promoter Score was at the highest level ever. The NPS is the most common standard to measure employee satisfaction. It is the percentage of employees rating their likelihood to recommend a company, a product, or a service to a friend or colleague as 9 or 10 ("promoters") minus the percentage rating at 6 or below ("detractors") on a scale from 0 to 10. In sum, Dynabrade is a strong company that cares about its employees. For people that use profanity towards any of our employees, it is time to move on!