H-E-B Becomes Texas’ Largest Privately Held Employer
H-E-B has surpassed the 100,000-partner milestone, now making it the largest privately held employer in Texas.
Currently, the San Antonio-based grocer employs more than 90,000 employees, which it refers to as "partners," in 332 Texas stores, along with more than 10,000 in 56 stores across Mexico. This also makes it one of the largest privately held retailers nationwide.
"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, H-E-B 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."
The company 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 have worked at least 1,000 hours in a calendar year. In the first year of the plan, participants received an allocation equal to 3 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 3 percent of the participant's eligible pay.
"In business and in life, people matter most," said Tina James, H-E-B's SVP of HR. "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."