In a time where many businesses are struggling to make ends meet, Opportunity Enterprises is thriving from a balanced budget. The company recently took a look at the financial model and cut $150,000 in expenses by changing the business model to reduce and eliminate overhead expenses.
$100,000 was also received in revenue, and the company decided the best use of the money was to invest back in OE. This past July, OE was able to give its employees the first raise in 4 years. “All of this money goes back to our staff and the people we serve,” stated OE CEO and President David Stupay.
“We wanted to invest back into the people,” Stupay said. The raises ranged from 1% to 9% across 470 employees, with the lowest paid employees receiving the most significant increases and the leadership team not taking any increase. OE also bumped up their minimum pay from $8.40 an hour to $9.25 for their residential programs.
“This is an exciting day,” Stupay continued. “Being able to do as much as we can for the people who are doing the hard work, working the front lines is great!”