How do you thank employees if you are a bank? Give them money, of course.
So when more than 16,000 employees of Wells Fargo arrive at work today, each one will find a check for $500 waiting.
The unusual thank-you program, created by the senior management of the San Francisco-based bank, will cost about $9 million.
"The rationale is that we have been successful, and we would not have been successful if it were not for a whole lot of good people working together," said Betty S. Lattie, a spokeswoman for the bank. "And this does nice things for people's morale."
In addition to $500 for each of 16,003 full-time employees, the bank will provide checks for $50 to each of more than 2,000 part-time employees. Further, every employee will receive a coupon for $35.