Skip to main content

Scout Boats plans to give employees $1,000 bonuses this year

Scout Boats founder and CEO Steve Potts, shown here at the Miami International Boat Show in 2016, unveiled a plan to pass tax-reform benefits on to hourly employees.

Scout Boats founder and CEO Steve Potts, shown here at the Miami International Boat Show in 2016, unveiled a plan to pass tax-reform benefits on to hourly employees.

Scout Boats expects to pass more than a million dollars of benefits from the new federal tax reform law on to its hourly workers as part of a bonus incentive plan.

All hourly employees in good standing will be eligible for a $1,000 bonus. It will be given as midyear and end-of-year $500 bonuses.

“While we're not sure what the exact amount of tax savings will be for 2018, based on our continued growth, we do plan to pass on a good portion of these savings to our employees,” Scout CEO and founder Steve Potts said in a statement.

Potts also said that “with our growth, this investment in our most valuable asset will certainly exceed a million dollars over the next few years.

“We’re confident this will help further stimulate our own company morale among current employees, as well as become an attractive career opportunity for new employees we’re currently searching for.

“As our facility grows through our recent planned expansion, so does the need to hire skilled laborers looking for long-term employment at a respected manufacturer. Thanks to the tax reform bill we are now on an even more positive track to continue the sustained growth of our South Carolina-based operation.

“As a recipient of the Roaring Twenties Award the past four years in a row, it’s proven that Scout believes in its South Carolina roots, and we want to continue to build on our reputation and legacy,” Potts said. “Government support for the American entrepreneurial spirit does not go unnoticed here, and we believe by us giving back to our employees, we’re doing exactly what was originally intended with the tax reform bill.”

Related

Pulse-Report

Are You Improving the Service Experience?

Our monthly Pulse Report survey asks this and other questions about your dealership. Take the survey here.

NMRA-SCHOLARSHIP

NMRA Sets Scholarship Deadline

Students pursuing education in the marine trades can apply for the National Marine Representatives Association awards until April 1.

MARINE-PRODUCTS

Marine Products Reports Record Q4

The builder of Chaparral and Robalo boats reported net sales were up 42% for the quarter and 28% for fiscal year 2022.

1_SHURHOLD

Shurhold Appoints COO

Forrest Ferrari has years of management, business development, IT and quality-assurance experience.

MOBILE-CATCH-CENTER

RBFF, Pure Fishing Partner for a First Catch Center

Pure Fishing will equip a mobile trailer with tackle and gear to bring fishing experiences to areas of South Carolina where participation is low.

Norm

An Oft-Overlooked Sales Opportunity

A recent report from the Recreational Boating & Fishing Foundation showed that women comprise 37% of all anglers. If you haven’t tapped this segment, you’re missing out.

1. 2023 new boat retail outlook

Too Many High-Priced Boats

To wrap up 2022, marine retailers reported lower demand, expressed more negative sentiment and voiced concerns about rising inventory. Boat prices and the economy remained top of mind for dealers in December.

Soundings Nov 2022

New-Boat Registrations Continue to Slide

As the gaudy sales figures from the pandemic continue to return to more realistic numbers, the main segments of the recreational boating industry saw new-model registrations of 4,421 in November, a 30.3% drop from 6,340 during the same time in 2021. .

1_thumbnail_Darren Vaux Headshet 2022

ICOMIA President Darren Vaux sees common pressures facing worldwide boating industry

Founded in 1966, the International Council of Marine Industry Associations is a global organization composed of national boating federations and other bodies involved in the recreational marine industry. ICOMIA works on such issues as breaking down trade barriers, improving boating safety and promoting recreational boating worldwide.