H-E-B Announces Growth of Its Partner Population Across Texas and Mexico

SAN ANTONIO, TX, 2017-Apr-14 — /EPR Retail News/ — Today (April 12, 2017), H‑E‑B announced the growth of its Partner (employee) population across Texas and Mexico totaling over 100,000, confirming its position as the largest privately held employer in the state of Texas and one of the largest privately held retailers in the nation. H‑E‑B employs more than 90,000 Partners in 332 Texas stores and more than 10,000 Partners in 56 stores throughout Mexico.

“This milestone represents our deep commitment to improving the lives of Texans and their families, and creating a work environment that brings the spirit of community to life every day while encouraging innovation, engagement and success,” said Craig Boyan, President and COO. “It takes great people to build a great company, and we look forward to providing even more Texans with meaningful career opportunities that bring new experiences, growth and lifelong connections at H‑E‑B.”

H‑E‑B is also celebrating the anniversary of the Partner Stock Plan, an employee ownership plan that rewards the hard work, dedication and loyalty of H‑E‑B Partners. To be eligible, a Partner must be at least 21 years old, have completed at least one year of service and worked at least 1,000 hours in a calendar year. In the first year, Plan participants received an allocation equal to three percent of the participant’s eligible pay and $100 for each year of service. To celebrate the anniversary, Plan participants once again received an additional allocation equal to three percent of the participant’s eligible pay.

“In business and in life, people matter most,” said Tina James, Senior Vice President for Human Resources for H‑E‑B. “Though simple, this philosophy has shaped H‑E‑B for 112 years. It’s why we call our employees Partners – because we work together to achieve success and create a strong sense of pride within our stores and throughout the more than 300 communities we serve.”

Since the economic slowdown in 2008, H‑E‑B has invested in Texas and created more than 24,000 jobs, highlighting our commitment to the markets we serve and providing career opportunities for thousands. A strong workforce keeps stores running efficiently allowing H‑E‑B to offer customers friendly service, quality products and low prices every time they shop.

Countless H‑E‑B Partners join the company as hourly employees and work up to salaried manager positions in just a few years’ time, while many turn to H‑E‑B as a first job or a flexible option to work while pursuing higher education.

With current operations totaling 388 stores companywide, H‑E‑B continues to grow and serve more communities throughout Texas and Mexico. In 2017, the company plans to add nine new stores in Texas and six new stores in Mexico contributing hundreds of jobs to the local economies.

H‑E‑B’s continued commitment to its Partners and customers once again earned the company a spot on the 2017 Temkin Experience Ratings and on this year’s list of Glassdoor’s best places to work in the nation.

SOURCE:  H‑E‑B

H‑E‑B’s new employee ownership plan: 55,000 employees would be eligible to receive a portion of stock in the company

SAN ANTONIO, TX, 2015-11-9 — /EPR Retail News/ — H‑E‑B, the largest private employer in Texas, announced today that 55,000 employees would be eligible to receive a portion of stock in the company under a new employee ownership plan.

The plan commemorates the 110th anniversary of the company, which was founded and is owned by the Butt family. The family will remain the primary owners of the company. H‑E‑B anticipates that employees, known as Partners, will own approximately 15 percent of the company over time.

The plan rewards the hard work, dedication and loyalty of H‑E‑B Partners. In January 2016, eligible Partners will receive a grant of stock valued at 3 percent of their salary, plus $100 in stock value for each year of continuous service completed by the end of 2015. Going forward, yearly contributions to the stock plan will be made based on company performance. To be eligible, a Partner must be at least 21 years old, have completed at least one year of service and worked at least 1,000 hours in a calendar year.

This grant enhances the long‑term financial security of Partners and will be offered in addition to all of H‑E‑B’s existing compensation programs including a 401(k) plan that includes a company match. Eligible Partners will be automatically enrolled without having to make a contribution.

“The Partner Stock Plan is a milestone and a recognition of our most important resource – our people,” said Charles Butt, H‑E‑B Chairman and CEO. “Our Partners are the competitive edge that brings innovation, growth, and success to H‑E‑B. This plan has been my dream for decades. It is a gift that recognizes our Partners’ ongoing commitment to H‑E‑B. Our Partners shaped our past, define our present, and will lead us into the future.”

Craig Boyan, H‑E‑B President and Chief Operating Officer said, “This historic offering reflects our commitment to our Partners and the communities we serve. We are anchored in our mission to hire the best people, offer the best service, provide the best products at budget sensitive prices, and operate our business in a way that reflects our deeply ingrained value system.”

H‑E‑B was founded in 1905 by Florence Butt in a tiny store in Kerrville, TX. Her youngest son, Howard Edward Butt (1895‑1990), led the company’s entrepreneurial period, 1920‑1971, and the company’s name, H‑E‑B, reflects his initials.

When his youngest son, Charles Butt, was named President in 1971, H‑E‑B recorded $221 million in annual sales. Today, its annual sales exceed $23 billion. Due to Mr. Butt’s leadership and strong commitment to putting employees first, he ranked 3rd on Glassdoor’s Highest Rated CEOs in 2015 and H‑E‑B ranked 7th on Glassdoor’s Employees’ Choice Awards for 2015.

Other family members are among H‑E‑B’s management, which is led by its officers. Howard Butt, III has led the development of the 52‑store Supermercados Internacionales H‑E‑B division in Mexico, headquartered in Monterrey, Nuevo Leon, a city of 4 million. It operates stores in several Mexican states.

Stephen Butt heads Central Market, headquartered in Dallas, which operates stores in several Texas cities.

In keeping with the “H‑E‑B spirit of giving” and commitment to community, the company donates over 5 percent of pretax earnings annually to non‑profit organizations and transformational community initiatives. In addition, each year Partners donate more than 100,000 volunteer hours to support a wide range of local programs.

The H‑E‑B family of brands include H‑E‑B, Central Market, H‑E‑B Plus!, Joe V’s Smart Shop, and Mi Tienda, with more than 370 stores in Texas and Mexico and more than 17,700 H‑E‑B Own Brand products. In 2015, H‑E‑B ranked #1 out of 293 companies in the Tempkin Trust Rating, which rates the trust consumers have in companies across 20 industries.

About H‑E‑B
H‑E‑B operates more than 370 stores in Texas and Mexico. Recognized for its fresh food, quality products, convenient services, and a commitment to environmental responsibility and sustainability, H‑E‑B strives to provide the best customer experience at everyday low prices.

H‑E‑B employs more than 86,000 Partners in Texas and 9,000 Partners in Mexico and serves millions of customers in more than 300 communities.

SOURCE:  H‑E‑B