People are at the heart of The Home Depot. Markets fluctuate, shopping trends change, economies contract and expand — but ultimately people determine whether we succeed, whether we fail and whether we make a positive impact on the world.
We consider our associates our biggest competitive advantage, and it's our responsibility and privilege to take care of them. We do this by offering an array of wellness and personal development programs: health benefits and screenings, tuition reimbursement and financial aid for employees in need, to name a few. What's more, through our Success Sharing profit-sharing for hourly associates, Homer Award recognition programs and more, we financially reward associates who dedicate themselves to our customers and embody The Home Depot values.
Our philosophy of taking care of our associates and motivating them to deliver a superior customer experience shapes our profit-sharing program for hourly associates. It provides semiannual cash awards for performance against our business plan, including sales and productivity goals.
Because of our associates’ outstanding performance in fiscal 2017, 99 percent of stores qualified for Success Sharing in both the first and second half of the year. This resulted in approximately $256 million in bonus payments to our non-management associates.
THE HOMER FUND
Our network of nearly 400,000 associates have each other’s back in times of need. The Homer Fund is a nonprofit charity that provides emergency financial assistance to associates facing unforeseen hardships. Associates proudly support the Fund because the unexpected can happen to anyone. Since its creation in 1999, the Fund has given more than $165 million in assistance to 130,000 associates in need, and more than $1.5 million is awarded to associates facing unforeseen emergencies on a monthly basis.
Original funding for The Homer Fund’s grant programs was given by The Home Depot founders. Since then, more than 93 percent of the company chooses to donate to The Homer Fund each year, and every dollar donated directly impacts an associate in need.