Go Daddy Plans $2M Company Party
At a time when many companies are scaling back, annual holiday parties and cash bonuses may be on the chopping block this year, however, Go Daddy (www.godaddy.com) is throwing its biggest party ever this Saturday to reward its employees, who have
According to Go Daddy's announcement this week, the Arizona-based company is planning on spending $2 million on this year's holiday party, which like last year, will be held at Chase Field in downtown Phoenix.
This year, however, the company will fly in all of its out-of-state employees and their guests, chauffeuring them from the airport and putting them up in a brand new hotel. Almost 4,000 guests are expected, attending from as far away as Washington, D.C.
"Someone asked me, why spend all the money on such a spectacular, expensive party...I say, why not? We've had our best year ever as a company and this achievement is because of our employees," Go Daddy chief executive officer and founder Bob Parsons said in a statement. "I learned a long time ago, if you treat your people right, the rest takes care of itself."
From its inception, Go Daddy has been setting high standards for its employees, known for rewarding their effort by paying top performers' mortgages for a year and giving away other incentives such as cars, cash and exotic vacations, for which it also foots the bill on taxes associated with the prizes.
Likewise, Go Daddy has increased its corporate donations, which it expects to top its philanthropic works total from last year, with 2008 contributions of more than $1.65 million. Its advertising budget has also remained healthy, having just announced last week it would advertise in the Super Bowl for its fifth consecutive year.
As many companies slash jobs, Go Daddy has been expanding its workforce, and it expects to be honored on the annual "Best Places to Work" list for the fifth consecutive year.
"So why shouldn't we celebrate a little this year?" Parsons said. "We have a 45 percent market share of new domain names worldwide and are growing in every area of our company. Our people deserve a party."
By David Hamilton, theWHIR.com
According to Go Daddy's announcement this week, the Arizona-based company is planning on spending $2 million on this year's holiday party, which like last year, will be held at Chase Field in downtown Phoenix.
This year, however, the company will fly in all of its out-of-state employees and their guests, chauffeuring them from the airport and putting them up in a brand new hotel. Almost 4,000 guests are expected, attending from as far away as Washington, D.C.
"Someone asked me, why spend all the money on such a spectacular, expensive party...I say, why not? We've had our best year ever as a company and this achievement is because of our employees," Go Daddy chief executive officer and founder Bob Parsons said in a statement. "I learned a long time ago, if you treat your people right, the rest takes care of itself."
From its inception, Go Daddy has been setting high standards for its employees, known for rewarding their effort by paying top performers' mortgages for a year and giving away other incentives such as cars, cash and exotic vacations, for which it also foots the bill on taxes associated with the prizes.
Likewise, Go Daddy has increased its corporate donations, which it expects to top its philanthropic works total from last year, with 2008 contributions of more than $1.65 million. Its advertising budget has also remained healthy, having just announced last week it would advertise in the Super Bowl for its fifth consecutive year.
As many companies slash jobs, Go Daddy has been expanding its workforce, and it expects to be honored on the annual "Best Places to Work" list for the fifth consecutive year.
"So why shouldn't we celebrate a little this year?" Parsons said. "We have a 45 percent market share of new domain names worldwide and are growing in every area of our company. Our people deserve a party."
By David Hamilton, theWHIR.com
Labels: christmas party, godaddy
posted by Angel Media Systems Administrator at
12/16/2008 12:11:00 PM
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